Institute for Law and Economics

Penn Law

Past Events, 2011-2012

Friday, April 20, 2012

CORPORATE ROUNDTABLE

Corporate Roundtable

Delaware Corporate Law

Sessions: 9:00 AM to 4:00 PM

By Invitation

 

Tuesday, April 10, 2012

CHANCERY COURT PROGRAM

Chancery Court Program

Function and Impartiality: Deciding Between Using a Conflicted Full Service Bank and a Conflict-Free Bank

Discussion: 4:30 to 6:30 PM

Moderators:
Hon. Leo E. Strine
Chancellor, Delaware Court of Chancery
Michael L. Wachter
William B. Johnson Professor of Law and Economics
University of Pennsylvania Law School

Panelists:
Joel E. Friedlander
Bouchard Margules & Friedlander
Robert A. Kindler
Vice Chairman and Global Head of M&A
Morgan Stanley

Eileen Nugent
Skadden, Arps, Slate, Meagher & Flom LLP
Antonio Weiss
Global Head of Investment Banking
Lazard

 

Thursday, March 29, 2012

ILE / WHARTON FINANCE SEMINAR

Paul Pfleiderer
C.O.G. Miller Distinguished Professor of Finance
Stanford University Graduate School of Business

Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation:
Why Bank Equity is Not Expensive

Seminar: 3:00 to 4:30 PM

Paul Pfleiderer

Paul Pfleiderer’s research is primarily focused on issues arising in financial markets when traders are asymmetrically informed. He has developed theoretical models to analyze how information is incorporated in prices through trading and how information flows determine trading volume. He has also analyzed how information is sold to investors when the value of the information is reduced the more widely it is disseminated. In addition he has studied problems in measuring active funds’ performance, contracting concerns in venture financing, policy issues related to disclosure requirements, and explanations for the stock market crash of 1987. His current research concerns corporate governance.

Paul Pfleiderer received BA, MPhil, and PhD degrees from Yale University, all in the field of economics. He has been teaching at Stanford since 1981. His research, much of which has been jointly pursued with Anat Admati, another professor of finance at the GSB, is generally concerned with issues that arise when agents acting in financial markets are differentially informed. His current research concerns corporate governance. In addition to his academic research, Professor Pfleiderer has consulted for various corporations and banks and has been involved in developing risk models and optimization software for use by portfolio managers.

 

Monday, March 12, 2012

INTERNATIONAL PROGRAM

Hideki Kanda
Professor of Law, University of Tokyo

Puzzles on Comparative Corporate Governance: Rethinking the Linkage Between Laws and Ownership

Lecture:     4:30 to 5:30 PM
Reception: 5:30 to 6:30 PM

Hideki Kanda

Hideki Kanda is Professor of Law at the University of Tokyo. His main areas of specialization include commercial law, corporate law, banking regulation, and securities regulation. He taught as a Visiting Professor of Law at the University of Chicago Law School in 1989, 1991 and 1993, and as a Visiting Professor at Harvard Law School in 1996. His corporate law book is the standard text on the subject in Japanese universities. He has written many articles in English as well as Japanese in his areas of specialization. He is widely regarded as the top corporate and securities academic in Japan.

 

Friday, February 24 & Saturday, February 25, 2012

PENN / NYU LAW AND FINANCE SYMPOSIUM

Penn/NYU Conference

Friday:     9:30 AM to 5:00 PM
Saturday: 9:00 AM to 12:30 PM

By Invitation

View Conference Website

 

Wednesday, February 15, 2012

DISTINGUISHED JURIST LECTURE

Hon. Leo E. Strine, Jr.
Chancellor, Delaware Court of Chancery

Regular Order as Equity

Lecture:     4:30 to 5:30 PM
Reception: 5:30 to 6:30 PM

Open to the Public

Hon. Leo E. Strine, Jr.

Chancellor Leo E. Strine, Jr. became Chancellor of the Delaware Court of Chancery in 2011 after serving as a Vice Chancellor since 1998. Since he joined the Court, Chancellor Strine has written numerous influential and provocative opinions.

Immediately before becoming a member of the Court of Chancery, Chancellor Strine was Counsel to Governor Thomas R. Carper of the State of Delaware. Before becoming Counsel to Governor Carper in January 1993, Chancellor Strine was a corporate litigator at the firm of Skadden, Arps, Slate, Meagher & Flom. Prior to that, Chancellor Strine was law clerk to Judge Walter K. Stapleton of the U.S. Court of Appeals for the Third Circuit and Chief Judge John F. Gerry of the U.S. District Court for the District of New Jersey. Chancellor Strine graduated magna cum laude from the University of Pennsylvania Law School in 1988, and was selected as a member of the Order of the Coif. In 1985, he received his Bachelor’s Degree summa cum laude from the University of Delaware and was selected as a member of Phi Beta Kappa.

 

Friday, December 9, 2011

CORPORATE ROUNDTABLE

Corporate Roundtable

Issues in Securities Regulation

Sessions: 9:00 AM to 4:00 PM

By Invitation

 

Tuesday, November 15, 2011

LAW AND ENTREPRENEURSHIP LECTURE

Paul G. Haaga, Jr.
Chairman of the Board
Capital Research and Management Company

Too Dull for Davos: My Life in Long-Only, Objective-Based, Active Money Management and Why I Think It Still Makes Sense

Lecture:     4:30 to 5:30 PM
Reception: 5:30 to 6:30 PM

Open to the Public

Paul G. Haaga, Jr. is Chairman of the Board of Capital Research and Management Company. He is Vice Chairman of the fixed-income funds in the American Funds Group and Chairman of Capital International Fund (Luxembourg SICAV marketed in Europe). He is also an officer and/or director of a number of other CRMC-managed mutual funds.

Prior to joining Capital in 1985, Paul was a partner in the law firm of Dechert Price & Rhoads (now known as Dechert) in Washington, D.C. From 1974 to 1977, he was a senior attorney for the Division of Investment Management of the U.S. Securities and Exchange Commission. Paul earned a bachelor’s degree in economics from Princeton University, an M.B.A. from the Wharton School and a J.D. from the University of Pennsylvania Law School.

He is a member of the Executive Committee (Chairman from 2002–2004, Vice Chairman from 2004-2006) of the Board of Governors of the Investment Company Institute (the national association of the U.S. mutual fund industry) and serves as President of the Board of Trustees of the Los Angeles County Museum of Natural History. He is a trustee of the Huntington Library, Museum and Gardens in San Marino, California, and Chairman of the Board of Overseers of the University of Pennsylvania Law School. Paul is a member of the National Public Radio (NPR) Board of Directors. He has also served as president and Major Gifts chair for Princeton’s Class of 1970 and is a trustee of the Princeton Rugby Endowment.

Paul previously has taught a course on mutual fund regulation at Stanford University Law School and served as a trustee of the Polytechnic School in Pasadena, California (board president from 1996–1999), of Salzburg Seminar in Salzburg, Austria, and of Georgetown Preparatory School in North Bethesda, Maryland. He also was chairman of the Investment Companies Committee of NASD Regulation (the primary self-regulatory organization of the U.S. broker-dealer industry). He ran 21 marathons and coached 30 youth soccer and basketball teams back when his knees still worked.

Paul and Heather (an artist and volunteer) have two children — Paul III, born 1980, and Blythe, born 1983 and two grandchildren — Sienna Baye Haaga, born March 2010 and Paul Grayson Haaga, born June 2011.

 

Thursday, October 27, 2011

ILE / WHARTON FINANCE SEMINAR

Eric L. Talley
Gilbert Foundation Chair in Law, Business and the Economy
University of California, Berkeley School of Law - Boalt Hall

A Model of Optimal Corporate Bailouts

Seminar: 3:00 to 4:30 PM

Eric L. Talley

Eric L. Talley is a leading authority on corporate law, and law and economics. In addition to teaching corporate law, he serves as faculty co-director of Boalt’s Berkeley Center for Law, Business and the Economy. He joined the faculty in 2006.

Talley was previously at University of Southern California Law School from 1995 to 2005. He held the Theodore and Ivadelle Johnson Chair in Law and Business in 2005, having become a full professor in 2000. Talley led two of the law school’s respected research centers, and was director both at the USC Center in Law, Economics and Organization and the USC/Caltech Olin Center for the Study of Law and Rational Choice from 2002 to 2004.

Talley has also taught both law and economics classes at Georgetown Law Center, the California Institute of Technology, the RAND Graduate School and Stanford University.

Talley has served as senior economist at the RAND Corporation’s Institute for Civil Justice, as director of the LRN-RAND Center for the Study of Corporate Ethics, Governance and Law, and as interim director of the RAND-Kauffman Foundation Center for the Study of Small Business Litigation and Regulation.

Among Talley’s notable recent publications are: “On Public versus Private Provision of Corporate Law” (with Hadfield) in the Journal of Law Economics & Organization (2006); “Unregulable Defenses and the Perils of Stockholder Choice” (with Arlen) in the University of Pennsylvania Law Review (2003; named one of the 10 best corporate and securities articles of the year by Corporate Practice Commentator); “Turning Servile Opportunities to Gold: A Strategic Analysis of the Corporate Opportunities Doctrine” in the Yale Law Journal (1998; also named as one of the 10 best corporate and securities articles of the year by Corporate Practice Commentator); “Endowment Effects Within Corporate Agency Relationships” (with Arlen and Spitzer) in the Journal of Legal Studies (2001); and “A Theory of Legal Presumptions” (with Bernardo and Welch) in the Journal of Law, Economics and Organization (2000).

 

Tuesday, October 25, 2011

DISTINGUISHED JURIST LECTURE

Hon. William B. Chandler III
Former Chancellor, Delaware Court of Chancery

Lecture:     5:00 to 6:00 PM
Reception: 6:00 to 6:30 PM

Open to the Public

Hon. William B. Chandler III

Chancellor William B. Chandler III is a partner at Wilson Sonsini Goodrich & Rosati, where he advises both public and private clients in connection with corporate governance matters, special committee assignments, internal investigations, and merger and acquisition transactions. He currently serves on the firm’s Policy Committee.

Chancellor Chandler joined the firm from the Delaware Court of Chancery, the nation’s leading court for corporate law cases, particularly those relating to change of control and other corporate law issues. He was appointed Chancellor in 1997, after serving as Vice Chancellor since 1989. Widely regarded as one of the country’s most influential judges on issues of corporate law and governance, he issued more than a thousand opinions and presided over some of the most contentious and high-profile corporate law disputes in the country, including those involving The Walt Disney Company, Yahoo, Microsoft, Hewlett-Packard, eBay, Citigroup, Dow Chemical, and, most recently, the Air Products/Airgas dispute. Many of his rulings have become required reading for M&A and business law practitioners, and he has written and lectured widely on numerous critical corporate law issues.

Prior to his appointment to the Court of Chancery, Chancellor Chandler served as resident judge of the Delaware Superior Court from 1985 to 1989. He previously was an associate with Morris, Nichols, Arsht & Tunnell and served as legal counsel to Pete duPont, the former governor of Delaware.

Earlier in his career, Chancellor Chandler taught commercial law, legislative process, and remedies at the University of Alabama School of Law. He also has taught law courses at the Delaware Law School of Widener University, Washington University School of Law, Seattle University School of Law, Ohio State University, University of Georgia, Vanderbilt University, and the University of Nevada, Las Vegas.

Chancellor Chandler is a member of the American Law Institute and a trustee of the Yale Center for Corporate Governance, the University of Delaware, and the Weinberg Center for Corporate Governance.

 

Tuesday, October 4, 2011

INSIGHTS FROM PRACTICE

Insights from Practice

Air Products v. Airgas

Sessions:  4:30 to 6:00 PM
Reception: 6:00 to 6:30 PM

Panelists:
Gary A. Bornstein
Cravath, Swaine & Moore LLP
Isaac D. Corré
Eton Park Capital Management
Hon. Jack Jacobs
Supreme Court of Delaware
Mark Lebovitch
Bernstein Litowitz Berger & Grossmann LLP
Theodore N. Mirvis
Wachtell, Lipton, Rosen & Katz
Minh Van Ngo
Cravath, Swaine & Moore LLP
Donald J. Wolfe, Jr.
Potter Anderson & Corroon LLP