Issue 2
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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
Paving the Delaware Way: Legislative and Equitable Limits On Bylaws After ATP
In ATP Tour, Inc. v. Deutscher Tennis Bund, the Delaware Supreme Court held that a private company’s fee-shifting bylaw was facially valid. And before…
Michael J. Kaufman & John M. Wunderlich -
ArticleVol. 93 · Iss. 2
Corporate Law and the Limits of Private Ordering
The Delaware legislature in 2015 amended the Delaware General Corporation Law to authorize forum-selection bylaws and to prohibit charter or bylaw provisions that would…
James D. Cox -
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…