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It is known as a court of equity, rather than a court of law, because it allows for more flexible resolutions than the law formally provides.

Only these days, it’s librarians themselves who often lament what the Detroit reporter called “a tragedy enacted in this little court of equity.”

The essential problem is that there is, a I’ve explained before a number of times, no Court of Equity in international law.

A court of equity is one where you can go and simply say “Look, it doesn’t matter what the law is, this is just infair. We demand justice.”

"We are confident that no court of equity would let Vista and Goldman enjoy windfalls on account of a reckless share count error while Tibco's shareholders needlessly suffer the loss of $100 million of the value of their company," he said.