Institute for Law and Economics

Penn Law

2010 PENN / NYU CONFERENCE

SIXTH ANNUAL
PENN / NYU CONFERENCE ON LAW AND FINANCE

Jointly sponsored by
the University of Pennsylvania’s Institute for Law and Economics,
Wharton’s Financial Institutions Center,
and New York University’s Center for Law & Business.

Friday, FEBRUARY 26, 2010
9:30 a.m. to 5:00 p.m.

Saturday, FEBRUARY 27, 2010
8:30 a.m. to 2 p.m.

Levy Conference Center
University of Pennsylvania Law School
Entrance on 34th Street between Chestnut and Sansom
Directions to Penn Law

By invitation only

Conference Organizers

William T. Allen
Nusbaum Professor of Law and Business
New York University School of Law

Yakov Amihud
Ira Rennert Professor of Finance
Stern School of Business
New York University

Jill E. Fisch
Perry Golkin Professor of Law
University of Pennsylvania Law School

Michael R. Roberts
Associate Professor of Finance
The Wharton School

 

Conference Schedule
FRIDAY, FEBRUARY 26
9:30 a.m. Registration and Breakfast

10:00 a.m

Welcoming Remarks
Michael A. Fitts
Dean and Bernard G. Segal Professor of Law
University of Pennsylvania Law School

10:15 a.m. – 11:15 a.m.

Guhan Subramanian
Harvard Law School

Steven Herscovici
Analysis Group, Inc.

Brian Barbetta
Analysis Group, Inc.

Is Delaware’s Antitakeover Statute Unconstitutional? Evidence from 1988-2008

Commentator:
Robert M. Daines
Stanford Law School

Moderator:
Hon. Jack B. Jacobs
Supreme Court of Delaware

11:15 a.m. – 11:30 a.m. Coffee Break
11:30 a.m. – 12:30 p.m.

Andrei Shleifer
Harvard University Department of Economics

Robert W. Vishny
Booth School of Business, University of Chicago

Asset Fire Sales and Credit Easing

Commentator:
Jonathan R. Macey
Yale Law School

Moderator:
Michael Roberts
The Wharton School, University of Pennsylvania

12:30 p.m. – 1:30 p.m. Lunch
1:30 p.m. – 2:30 p.m.

Michael Klausner
Stanford Law School

Are Securities Class Actions ‘Supplemental’ to SEC Enforcement? An Empirical Analysis

Commentator:
Simi Kedia
Rutgers Business School

Moderator:
William T. Allen
New York University School of Law

2:30 p.m. – 3:30 p.m.

Ashwini K. Agrawal
Stern School of Business, New York University

The Impact of Investor Protection Law on Corporate Policy: Evidence from the Blue Sky Laws

Commentator:
Allen Ferrell
Harvard Law School

Moderator:
William T. Allen
New York University School of Law

3:30 p.m. – 3:45 p.m. Coffee Break
3:45 p.m. – 4:45 p.m.

Marcel Kahan
New York University School of Law

Edward B. Rock
University of Pennsylvania Law School

When the Government Is the Controlling Shareholder

Commentator:
Heitor V. Almeida
University of Illinois at Urbana-Champaign

Moderator:
Hon. Travis Laster
Delaware Court of Chancery

SATURDAY, FEBRUARY 27
8:30 a.m. Breakfast
9:00 a.m. – 10:00 a.m.

Bart M. Lambrecht
Lancaster University Management School

Stewart C. Myers
MIT Sloan School of Management

A Lintner Model of Dividends and Managerial Rents

Commentator:
Alan Schwartz
Yale Law School

Moderator:
Richard E. Kihlstrom
The Wharton School, University of Pennsylvania

10:00 a.m. – 11:00 a.m.

Stephen J. Choi
New York University Law School

Drew T. Johnson-Skinner
Law Clerk to Judge John G. Koeltl of the United States District Court for the Southern District of New York

A.C. Pritchard
University of Michigan Law School

The Price of Pay To Play in Securities Class Actions

Commentator:
Sanjai Bhagat
University of Colorado

Moderator:
Richard E. Kihlstrom
The Wharton School, University of Pennsylvania

11:00 a.m. – 11:15 a.m. Coffee Break
11:15 a.m. – 12:15 p.m.

Gustav Sigurdsson
The Wharton School, University of Pennsylvania

Share Auctions and the Division of Value in Corporate Reorganizations

Commentator:
Kenneth M. Ayotte
Northwestern University School of Law

Moderator:
Hon. Donald F. Parsons, Jr.
Delaware Court of Chancery

12:15 p.m. – 12:30 p.m. Closing Remarks