Securities Law Prof Blog

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Belle Qi Guo, What Lessons Can the Luckin Coffee Scandal Offer to Australia–China Cross-Border Listed Companies' Supervision? Problems and Reform Suggestions in China, 35 Colum. J. Asian L. 200 (2022).

Ioannis E. Linaritis, Asset Protection-State Guarantee Schemes in Systemic European Non-Performing Loans Securitizations Contractual Structure, State Aid and Bank Corporate Law Issues, 28 Colum. J. Eur. L. 134 (2022).

Thomas M.J. Mollers, European Green Deal: Greenwashing and the Forgotten Good Corporate Citizen as an Investor, 28 Colum. J. Eur. L. 203 (2022).

Harwell Wells, Shareholder Meetings and Freedom Rides: The Story of Peck v. Greyhound, 45 Seattle U. L. Rev. 1 (2021).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Chien-Chung Lin, Huan-Ting Wu & Yang Li, Insiders and Their Trading Games in China: Law, Enforcement Data, and a Puzzling Question, 47 J. Corp. L. 715 (2022).

Jeffrey N. Gordon, Systematic Stewardship, 47 J. Corp. L. 627 (2022).

Rose Lewis, Student Article, The View from the Border: A Comparative Analysis of Securities Regulations for Cryptocurrencies in the United States and Canada, 46 Can.-U.S. L.J. 167 (2022).

Stephen J. Lubben, Protecting Ma and Pa: Bond Workouts and the Trust Indenture Act in the 21st Century, 44 Cardozo L. Rev. 81 (2022).

Sean Meyer, Comment, Attack on the SPAC: The Push to Regulate Special Purpose Acquisition Companies as Investment Companies under the Investment Company Act, 91 U. Cin. L. Rev. 230 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Dan Awrey & Joshua C. Macey, Open Access, Interoperability, and DTCC's Unexpected Path to Monopoly, 132 Yale L. J. 96 (2022).

Carl S. Bjerre, Investment Securities, 77 Bus. Law. 1315 (2022).

Benjamin P. Edwards, Supreme Risk, 74 Fla. L. Rev. 543 (2022).

Scott Hirst & Adriana Z. Robertson, Hidden Agendas in Shareholder Voting, 39 Yale J. on Regul. 1218 (2022).

Jennifer O'Hare, Don't Forget the "G" in ESG: The SEC and Corporate Governance Disclosure, 64 Ariz. L. Rev. 417 (2022).

Frank Partnoy, Market Prices vs. Fundamental Value: The Case for Using Discounted Cash Flow Analysis in Securities Class Actions, 77 Bus. Law. 1059 (2022).

Alexander I. Platt, Beyond "Market Transparency": Investor Disclosure and Corporate Governance, 74 Stan. L. Rev. 1393 (2022).

Mark J. Roe, What Is Stock Market Short-Termism?, 77 Bus. Law. 1039 (2022).

Gladriel Shobe & Jarrod Shobe, The Dual-Class Spectrum, 39 Yale J. on Regul. 1343 (2022).

Gevurtz on Investment Predictions

Franklin A. Gevurtz has posted Important Warning or Dangerous Misdirection: Rethinking Cautions Accompanying Investment Predictions on SSRN with the following abstract:

We are constantly bombarded with cautions warning us of dangers to our health or wellbeing. Sometimes, however, cautions increase the danger. This article addresses one example: cautions warning investors of the risks that predictions regarding corporate performance will not pan out.

Here, the danger is investors falling prey to trumped up predictions of corporate performance, the result of which is to misallocate resources, increase the cost of capital for honest businesses, and create a drag on the overall economy. This article shows how the typical cautions accompanying predictions of corporate performance facilitate rather than avoid this danger by misdirecting both investors and courts from looking at what they should: the credibility of the speaker in giving the prediction.

To solve this problem, this article introduces a radically different approach to determining the legal impact of cautions accompanying predictions of corporate performance. This is to distinguish between cautions alerting investors to problems with the speaker’s credibility in giving the prediction versus those that simply list various risks that might lead the prediction to not pan out. The article thereby provides a roadmap for courts to replace their current misguided focus on the wrong type of cautions in the numerous cases raising the issue of when cautions serve as a defense to claims of securities fraud based upon a failed prediction.

 

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Sue S. Guan, Meme Investors and Retail Risk, 63 B.C. L. Rev. 2051 (2022).

Lin Lin & Dan W. Puchniak, Institutional Investors in China: Corporate Governance and Policy Channeling in the Market within the State, 35 Colum. J. Asian L. 74 (2022).

Allyson Patterson, Note, The Ongoing Issue of Cyber Insecurity: Why Cyber Insurance Should Be Mandatory for Consumer Companies, 48 Fla. St. U. L. Rev. 841 (2021). 

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Anat Alon-Beck, Bargaining Inequality: Employee Golden Handcuffs and Asymmetric Information, 81 Md. L. Rev. 1165 (2022).

Madison Condon, Sarah Ladin, Jack Lienke, Michael Panfil & Alexander Song, Mandating Disclosure of Climate-Related Financial Risk, 23 N.Y.U. J. Legis. & Pub. Pol'y 745 (2021).

Robert K. Cowan, Time for Plan(et) B? Why Securities Litigation Is a Misguided Attempt at Regulating Climate Change, 33 Geo. Env't L. Rev. 333 (2021).

Joel Crank, Comment, Rethinking Kirschner v. J.P. Morgan: How Securities and Banking Laws Should Apply to Syndicated Loans, 93 U. Colo. L. Rev. 1095 (2022).

Anita K. Krug, Temporary Securities Regulation, 79 Wash. & Lee L. Rev. 185 (2022).

Brittany Mann, Note, Federal Courts Take the Wheel: The Delaware Supreme Court Validates Federal Forum Provisions for '33 Act Litigation in Salzberg v. Sciabacucchi, 67 Vill. L. Rev. 613 (2022).

Aidan D. Mulry, Note, A True Sense of Security: How Kirschner v. J.P. Morgan Chase Illustrates the Failings of the Reves Family Resemblance Test and the Need to Recognize Some Syndicated Loans as Securities for the Sake of the Financial System, 87 Brook. L. Rev. 979 (2022).

Bernard S. Sharfman & Vincent Deluard, How Discretionary Decision-Making Impacts the Financial Performance and Legal Disclosures of S&P 500 Funds, 87 Brook. L. Rev. 915 (2022).

Michael Vuong, Note, The European Union's Sustainable Finance Disclosure Regulation: Compliance & Policy Implications, 55 Int'l Law. 395 (2022).

Ethan Yaro, Note, A National International Affair: The Long Jurisdictional Reach of In re Irving H. Picard, Tr. for Liquidation of Bernard L. Madoff Investment Securities, 31 Minn. J. Int'l L. 187 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Kevin X. Kuhn, Comment, Algorithmic Decision-Making and Corporate Risk: Toward Transparency through Corporate Disclosures, 100 Neb. L. Rev. 974 (2022).

John J. Nay, Climate-Contingent Finance, 19 Berkeley Bus. L.J. 336 (2022).

Luke Nottage, Independent Directors and Corporate Governance in Thailand: A New Frontier, 31 J. Transnat'l L. & Pol'y 69 (2022).

Robert Sistoso, Note, Post-EtherDelta: Clarifying Liabilities for Cryptocurrency Exchanges and Market Participants, 39 Cardozo Arts & Ent. L.J. 343 (2021).

New Securities Law Article in Print

The following law review article relating to securities regulation is now available in paper format:

Nathan Hill, Note, Late to the Crowd: How Ohio's Crowdfunding Bill Fails to Achieve Inclusiveness and Efficiency, 70 Clev. St. L. Rev. 817 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Keith Geddings, Note, The Case for a Government-Authorized Self-Regulatory Organization for Commercial Litigation Funders, 2022 Colum. Bus. L. Rev. 402 (2022).

Saul Levmore, Least-Cost Altruists and ESG Firms, 77 Bus. Law. 713 (2022).

Seth C. Oranburg, The Unintended Consequences of Mandatory ESG Disclosures, 77 Bus. Law. 697 (2022).

Jonathan R. Povilonis, Contracting for ESG: Sustainability-Linked Bonds and a New Investor Paradigm, 77 Bus. Law. 625 (2022).

Gregory H. Shill, The Geography of Human Capital Management, 77 Bus. Law. 679 (2022).

J.W. Verret, A Regulatory Budget for the Public Company Accounting Oversight Board, 38 Ga. St. U. L. Rev. 881 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

William W. Clayton, How Public Pension Plans Have Shaped Private Equity, 81 Md. L. Rev. 840 (2022).

Elizabeth A. Nelson, Note, Special Purpose Acquisition Companies and the PSLRA's Safe Harbor for Forward Looking Statements, 26 N.C. Bank. Inst. 229 (2022).

Tucker P. Sutlive, Note, Not Your Grandpa's Trading Cards: Understanding NFTs in Professional Sports and Why Some May Be Considered Securities, 26 N.C. Bank. Inst. 249 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

John Armour, Luca Enriques & Thom Wetzer, Mandatory Corporate Climate Disclosures: Now, but How?, 2021 Colum. Bus. L. Rev. 1085 (2021).

James D. Cox & Randall S. Thomas, The SEC's Shareholder Proposal Rule: Creating a Corporate Public Square, 2021 Colum. Bus. L. Rev. 1147 (2021).

Dan Daskal, Note, ISS and Other Proxy Advisory Firms' Conflicts of Interest: Analyzing the Insufficiency of New Securities and Exchange Commission Rules and Guidance, 2021 Colum. Bus. L. Rev. 1487 (2021).

Elisabeth de Fontenay & Gabriel Rauterberg, The New Public/Private Equilibrium and the Regulation of Public Companies, 2021 Colum. Bus. L. Rev. 1199 (2021).

Merritt B. Fox, Lawrence R. Glosten & Sue S. Guan, Spoofing and Its Regulation, 2021 Colum. Bus. L. Rev. 1244 (2021).

Kevin S. Haeberle, The Emergence of the Actively Managed ETF, 2021 Colum. Bus. L. Rev. 1321 (2021).

Heath P. Tarbert, Strengthening the Treasury Market, 2021 Colum. Bus. L. Rev. 1368 (2021).

Charles K. Whitehead, Risky Business: Portfolio Risk, Institutional Investing, and the Securities Act, 2021 Colum. Bus. L. Rev. 1396 (2021).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Michael D. Guttentag, Avoiding Wasteful Competition: Why Trading on inside Information Should Be Illegal, 86 Brook. L. Rev. 895 (2021).

Celia Taylor & Amedeo Arena, The Influence of EU Competition Law beyond the EU: Insights from Japan, the UK, Brazil, and the USA, 50 Denv. J. Int'l L. & Pol'y 139 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Connor A. Gibbons, Note, Equity Crowdfunding Economic Growth in African Countries: A Framework, 54 Case W. Rsrv. J. Int'l L. 447 (2022).

Carol R. Goforth, How Nifty! But Are NFTs Securities, Commodities, or Something Else?, 90 UMKC L. Rev. 775 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Byung Hyun Ahn, Jill E. Fisch, Panos N. Patatoukas & Steven Davidoff Solomon,   Synthetic Governance, 2021 Colum. Bus. L. Rev. 476 (2021).

Robert P. Bartlett III, Modernizing Odd Lot Trading, 2021 Colum. Bus. L. Rev. 520 (2021).

Stewart L. Brown, Mutual Fund Advisory Fees: Forty Years of Failure, 16 Brook. J. Corp. Fin. & Com. L. 1 (2022).

William B. Chandler III, Joseph A. Grundfest, Virginia F. Milstead & Peter B.  Morrison, FAQs Re: FFPS Frequently Asked Questions about Federal Forum Provisions, 2021 Colum. Bus. L. Rev. 569 (2021).

John C. Coffee Jr., The Future of Disclosure: ESG, Common Ownership, and Systematic Risk, 2021 Colum. Bus. L. Rev. 602 (2021).

Kathryn A. Daly, Note, Freeing Cryptoassets from Howey: A Defense of Genuine Token Offerings, 16 Brook. J. Corp. Fin. & Com. L. 219 (2022).

Merritt B. Fox, Lawrence R. Glosten, Edward F. Greene, & Sue S. Guan, Distributed Ledger Technology and the Securities Markets of the Future: A Stakeholder Survey, 2021 Colum. Bus. L. Rev. 651 (2021).

Edward F. Greene, Evan S. Gabor, Sonia Katharani-Khan & Jacqueline Mijin Kang, The Need for a Comprehensive Approach to Capital Markets Regulation, 2021 Colum. Bus. L. Rev. 714 (2021).

Cameron K. Hood, Note, Finding the Boundaries of Equitable Disgorgement, 75 Vand. L. Rev. 1307 (2022).

Jara R. Y. Jacobson, Note, Targeted Regulation of Proxy Voting Advice: Balancing Monitoring with Information Flow in the Age of ESG, 16 Brook. J. Corp. Fin. & Com. L. 275 (2022).

Yona A. Kornsgold, Note, Beginner's Luck That Hertz: Bankrupt Companies and the Trap for Retail Investors, 2021 Colum. Bus. L. Rev. 914 (2021).

Jonathan R. Macey, Securities Regulation and Class Warfare, 2021 Colum. Bus. L. Rev. 796 (2021).

Paul G. Mahoney & Julia D. Mahoney, The New Separation of Ownership and Control: Institutional Investors and ESG, 2021 Colum. Bus. L. Rev. 840 (2021).

Jordan B. Neyland & Kathryn A. St John, Hidden Wealth Transfers in Bankruptcy Asset Sales: A Real Option Analysis, 19 Berkeley Bus. L.J. 46 (2022).

Manisha Padi, Markets and Mandates: Retirement in Chile and the United States, 102 B.U. L. Rev. 1215 (2022).

Maria Lucia Passador, In Vogue Again: The Re-Rise of SPACs in the IPO Market, 16 Brook. J. Corp. Fin. & Com. L. 105 (2022).

A. C. Pritchard & Robert B. Thompson, The Future of Securities Law in the Supreme Court, 2021 Colum. Bus. L. Rev. 881 (2021).

Sarah Pyun, Note, Updating the Duty to Update: Harmonizing a Continuous Duty with a Periodic Disclosure Regime, 2021 Colum. Bus. L. Rev. 1030 (2021).

Mary Jean Whitsell, Note, The Second Circuit's Extraterritorial Application of the Commodity Exchange Act, 2021 Colum. Bus. L. Rev. 983 (2021).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Joseph O'Connor Gill, Note, The Perfect Union: An Expansion of the Accredited Investor Definition and Potential Impacts on the Emergent Tokenized Real Estate Market, 107 Iowa L. Rev. 2311 (2022).

Kristen Kelbon, Creating an Effective Vaccine to Prevent Congressional Insider Trading: Legislation Is Needed to Cure Deficiencies of the Stock Act, 55 Creighton L. Rev. 145 (2022).

Lauren Yu-Hsin Lin & Yu Xiang, The Rise of Non-Profit Organizations in Global Securities Class Actions: A New Hybrid Model in China, 60 Colum. J. Transnat'l L. 493 (2022).

Paul Rose, Catalyzing Sustainable Investment, 51 Env't L. 1221 (2021).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

John P. Anderson, Regulatory Ritualism and Other Lessons from the Global Experience of Insider Trading Law, 24 U. Pa. J. Bus. L. 25 (2021).

Felix Mormann & Milica Mormann, The Case for Corporate Climate Ratings: Nudging Financial Markets, 53 Ariz. St. L.J. 1209 (2021).

Tyler Ross, Note, Expanding Employee Ownership in America: A Proposal for a National Equity Compensation Mandate, 55 Colum. J.L. & Soc. Probs. 191 (2022).

David H. Webber, Rethinking "Political" Considerations in Investment, 46 Del. J. Corp. L. 3 (2021).

Emily Winston, Unequal Investment: A Regulatory Case Study, 107 Cornell L. Rev. 781 (2022).

Christoph Zaugg, Note, Judicial Developments Sharpening the Focus of the MFW Standard: Independence of the Special Committee and Direct Negotiations by the Controller with Stockholders, 46 Del. J. Corp. L. 27 (2021).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

J.R. O'Sullivan, The Government's Power to Bring Transnational Securities Fraudsters to Account: Dodd-Frank Rendered Morrison Irrelevant, 59 Am. Crim. L. Rev. 231 (2022).

Giovanni Patti & Peter Robau, SEC Regional Offices, 18 N.Y.U. J.L. & Bus. 471 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Gregory Dewire, Comment, Securities Law—Act of State Doctrine: Safe Harbor for Securities Violations—Royal Wulff Ventures LLC v. Primero Mining Corp., 938 F.3d 1085 (9th Cir. 2019), 44 Suffolk Transnat'l L. Rev. 181 (2021).

Carol R. Goforth, SEC v. Telegram: A Global Message, 52 U. Mem. L. Rev. 199 (2021).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

John P. Anderson, Jeremy Kidd & George A. Mocsary, Social Media, Securities Markets, and the Phenomenon of Expressive Trading, 25 Lewis & Clark L. Rev. 1223 (2022).

Steven A. Bank &  Brian R. Cheffins, Corporate Law's Critical Junctures, 77 Bus. Law. 1 (2022).

Brian H. Benjet & Jamie Kurtz, The Evolution of DOJ and SEC Expectations for Corporate Compliance Programs and Staying ahead of the Curve, 66 Vill. L. Rev. 939 (2021).

Edwin Adlam Herod, Comment, Cognitive Dissonance Undercuts Deterrence in the C-Suite: Why Otherwise Ethical FDA-Dependent Managers Keep Falling down the Rabbit Hole of 10(b) Class Action Litigation, 52 Seton Hall L. Rev. 607 (2021).

Michael P. Jamroz, What Lawyers Need to Know about Broker-Dealer Audit Requirements, 77 Bus. Law. 91 (2022).

Michael Klausner, Michael Ohlrogge & Emily Ruan, A Sober Look at SPACs, 39 Yale J. on Regul. 228 (2022).

Jenna Koleson, Note, The Duty to Correct Another's Material Misrepresentations: A Contextual Approach for Analyzing Fraudulent Behavior under Rule 10B-5, 66 St. Louis U. L.J. 167 (2021).

Merritt B. Fox & Menesh S. Patel, Common Ownership: Do Managers Really Compete Less?, 39 Yale J. on Regul. 136 (2022).

Reid B. Stevens & Jeffery Y. Zhang, The Costs of Banks Engaging in Non-Banking Activities: A Case Study, 39 Yale J. on Regul. 375 (2022).

Sarah J. Williams, The Alchemy of Effective Auditor Regulation, 25 Lewis & Clark L. Rev. 1089 (2022).

New Securities Law Articles in Print

The following law review articles relating to securities regulation are now available in paper format:

Christopher Chen &  Lauren Yu-Hsin Lin, Foreign Political Interference in the Governance of Listed Companies: A Market and Behavioral Analysis, 31 Duke J. Comp. & Int'l L. 301 (2021).

Jens Dammann, Fee-Shifting Bylaws: An Empirical Analysis, 65 J.L. & Econ. 1 (2022).

Jay Geiss, Note, The IPO Alternative: Special Purpose Acquisition Companies Are Gaining Traction in Private Equity, 47 J. Corp. L. 235 (2021).

Christine Hurt & Paul Stancil, Short Sellers, Short Squeezes, and Securities Fraud, 47 J. Corp. L. 105 (2021).

Emily Manzer, Comment, The D.C. Circuit Has Struck Again: Judicial Deference & the SEC's Experimental Rule Making Authority, 58 Cal. W. L. Rev. 169 (2021).

Tanya Pierce, To Remove or Not to Remove—Is That the Question in 1933 Act Securities Cases?, 73 Baylor L. Rev. 596 (2021).

Michael P. Vandenbergh, Disclosure of Private Climate Transition Risks,  63 Wm. & Mary L. Rev. 1695 (2022).

Matthew Wansley, Taming Unicorns, 97 Ind. L.J. 1203 (2022).