Topic
Securities Regulation
Posts
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NoteVol. 93 · Iss. 6
Whistle With a Purpose: Extending Coverage Under SOX to Employees Discharging Their Duties
The relative ease with which corporate fraud went unnoticed during the Enron scandal created tension between Congress and the public. In hindsight, the public…
Jonathan Lee -
ArticleVol. 93 · Iss. 5
Uncertain Futures in Evolving Financial Markets
Today’s publicly offered investment funds, including mutual funds, have ever more diverse investment strategies, as they increasingly invest in financial instruments that, in earlier…
Anita K. Krug -
ArticleVol. 93 · Iss. 2
Event Studies in Securities Litigation: Low Power, Confounding Effects, and Bias
An event study is a statistical method for determining whether some event—such as the announcement of earnings or the announcement of a proposed merger—is…
Alon Brav & J. B. Heaton -
ArticleVol. 93 · Iss. 2
Price Impact, Materiality, and Halliburton II
The Supreme Court decision in Halliburton Co. v. Erica P. John Fund, Inc., 134 S. Ct. 2398 (2014), reaffirmed the availability of the fraud-on-the-market…
Allen Ferrell & Andrew Roper -
ArticleVol. 93 · Iss. 2
Market Intermediation, Publicness, and Securities Class Actions
Securities class actions play a crucial, if contested, role in the policing of securities fraud and the protection of securities markets. The theoretical understanding…
Hillary A. Sale & Robert B. Thompson -
ArticleVol. 93 · Iss. 2
Federal Securities Fraud Litigation as a Lawmaking Partnership
In its most recent Halliburton II decision, the Supreme Court rejected an effort to overrule its prior decision in Basic Inc. v. Levinson. The…
Jill E. Fisch -
ArticleVol. 93 · Iss. 2
Distortion Other Than Price Distortion
The fraud-on-the-market doctrine adopted in Basic Inc. v. Levinson (“Basic”) allows the plaintiff suing under Rule 10b-5 to satisfy the reliance requirement by showing…
Urska Velikonja -
ArticleVol. 93 · Iss. 2
The Intersection of Fee-Shifting Bylaws and Securities Fraud Litigation
This Article examines the intersection of fee-shifting bylaws and federal private securities fraud suits. Specifically, this Article hypothesizes about the effects fee-shifting bylaws would…
William K. Sjostrom Jr. -
ArticleVol. 93 · Iss. 2
Mandatory Disclosure and Individual Investors: Evidence From the Jobs Act
One prominent justification for the mandatory disclosure rules that define modern securities law is that these rules encourage individual investors to participate in stock…
Yu-Ting Forester Wong, Colleen Honigsberg & Robert J. Jackson Jr. -
ArticleVol. 93 · Iss. 2
In Memory of Harvey J. Goldschmid
Today we bid farewell to Harvey Goldschmid, a sweet and gentle man, a friend whom so many of us trusted, a powerful and influential…
Joel Seligman -
ArticleVol. 93 · Iss. 2
Introduction
Earlier versions of the Articles included in this issue were presented at the 21st Annual Institute for Law and Economic Policy (ILEP) Conference on…
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ArticleVol. 92 · Iss. 6
Understanding the Failures of Market Discipline
“Market discipline”—the theory that short-term creditors can efficiently rein in bank risk through their self-interested actions—has been a central pillar of banking regulation since…
David Min