Commentaries and cases on the law of business organization / William T. Allen, Jack Nusbaum Professor of Law and Business, New York University, Of Counsel, Wachtell, Lipton, Rosen & Katz ; Reinier Kraakman, Ezra Ripley Thayer Professor of Law, Harvard Law School.
2016
KF1414 .A735 2016 (Map It)
Available at Cellar
Log in to request pick up
Formats
| Format | |
|---|---|
| BibTeX | |
| MARCXML | |
| TextMARC | |
| MARC | |
| DublinCore | |
| EndNote | |
| NLM | |
| RefWorks | |
| RIS |
Items
Loading data
Details
Access NoteThe Law Library in Jerome Greene Hall is currently closed for renovation. Please log in to request pickup from the temporary circulation desk in William and June Warren Hall.
Author
Title
Commentaries and cases on the law of business organization / William T. Allen, Jack Nusbaum Professor of Law and Business, New York University, Of Counsel, Wachtell, Lipton, Rosen & Katz ; Reinier Kraakman, Ezra Ripley Thayer Professor of Law, Harvard Law School.
Published
New York : Wolters Kluwer, 2016.
Call Number
KF1414 .A735 2016
Edition
Fifth edition.
ISBN
9781454870616
1454870613
1454870613
Description
xxvi, 721 pages ; 26 cm.
System Control No.
(OCoLC)934939003
Bibliography, etc. Note
Includes bibliographical references and index.
Series
Record Appears in
Note
2016-2017 Statutory Supplement a gift added 11/3/22 (selected by JA)
Gift
Purchased from the income of the Fisch Fund
Added Author
Gift
The Arthur W. Diamond Law Library
Purchased from the income of the Fisch Fund
Table of Contents
Preface
xxi
Acknowledgments
xxv
Introduction
1
1.
Acting Through Others: The Law Of Agency
7
1.1.
Introduction To Agency
7
1.2.
Agency Formation, Agency Termination, And Principal's Liability
8
1.2.1.
Formation
8
1.2.2.
Termination
9
1.2.3.
Parties' Conception Does Not Control
9
Jenson Farms Co. v. Cargill, Inc.
9
1.2.4.
Liability in Contract
13
1.2.4.1.
Actual and Apparent Authority
13
White v. Thomas
14
1.2.4.2.
Inherent Authority
16
Gallant Ins. Co. v. Isaac
17
1.2.5.
Liability in Tort
22
Humble Oil & Refining Co. v. Martin
22
Hoover v. Sun Oil Co.
24
1.2.6.
Liability in Tort Under the Apparent Authority Doctrine
27
1.3.
The Governance Of Agency (The Agent's Duties)
27
1.3.1.
The Nature of the Agent's Fiduciary Relationship
27
1.3.2.
The Agent's Duty of Loyalty to the Principal
28
Tarnowski v. Resop
28
1.3.3.
The Trustee's Duty to Trust Beneficiaries
30
In re Gleeson
31
2.
Joint Ownership Of A Business: The Law Of Partnerships And Limited Liability Companies
33
2.1.
Introduction To Partnership: Why Joint Ownership?
34
The Need To Assemble At-Risk Capital / John C. Coffee William Klein
36
2.2.
Partnership Formation / John C. Coffee William Klein
39
Vohland v. Sweet / John C. Coffee William Klein
39
2.3.
Relations With Third Parties / John C. Coffee William Klein
42
2.3.1.
Partnership Creditors' Claims Against Departing Partners / John C. Coffee William Klein
43
2.3.2.
Third-Party Claims Against Partnership Property / John C. Coffee William Klein
44
2.3.3.
Claims of Partnership Creditors to Partner's Individual Property / John C. Coffee William Klein
45
2.4.
Partnership Governance And Issues Of Authority / John C. Coffee William Klein
46
National Biscuit Co. v. Stroud / John C. Coffee William Klein
46
2.5.
Termination (Dissolution And Dissociation) / John C. Coffee William Klein
48
2.5.1.
Accounting for Partnership's Financial Status and Performance / John C. Coffee William Klein
49
Sample Partnership Balance Sheet / John C. Coffee William Klein
49
Sample Partnership Income Statement / John C. Coffee William Klein
49
Accounting for Partners' Capital / John C. Coffee William Klein
50
Adams v. Jarvis / John C. Coffee William Klein
51
2.5.2.
Statutory Dissolution of a Partnership at Will / John C. Coffee William Klein
55
2.5.3.
Opportunistic Dissolution and the Partner's Duty of Loyalty / John C. Coffee William Klein
56
Page v. Page / John C. Coffee William Klein
56
2.6.
Agency Conflicts Among Co-Owners: Fiduciary Duties / John C. Coffee William Klein
59
Meinhard v. Salmon / John C. Coffee William Klein
59
2.7.
Limited Liability Successors Of The General Partnership / William Klein John C. Coffee
63
2.7.1.
The Limited Partnership / John C. Coffee William Klein
64
2.7.2.
The Limited Liability Partnership / John C. Coffee William Klein
65
2.7.3.
The Limited Liability Company / John C. Coffee William Klein
66
2.7.3.1.
Taxation of LLCs / John C. Coffee William Klein
67
2.7.3.2.
Contractual Flexibility / John C. Coffee William Klein
68
Pappas et al. v. Tzolis / John C. Coffee William Klein
69
3.
The Corporate Form / John C. Coffee William Klein
75
3.1.
Introduction To The Corporate Form / John C. Coffee William Klein
75
3.2.
Creation Of A Fictional Legal Entity / John C. Coffee William Klein
77
3.2.1.
A Note on the History of Corporate Formation / John C. Coffee William Klein
78
3.2.2.
The Process of Incorporating Today / John C. Coffee William Klein
82
3.2.3.
The Articles of Incorporation, or "Charter" / John C. Coffee William Klein
83
3.2.4.
The Corporate Bylaws / John C. Coffee William Klein
84
3.2.5.
Shareholders' Agreements / John C. Coffee William Klein
85
3.3.
Limited Liability / John C. Coffee William Klein
85
Limited Liability and the Corporation / Daniel Fischel Frank Easterbrook
87
3.4.
Transferable Shares / Daniel Fischel Frank Easterbrook
89
3.5.
Centralized Management / Daniel Fischel Frank Easterbrook
90
3.5.1.
Legal Construction of the Board / Daniel Fischel Frank Easterbrook
92
3.5.1.1.
The Holder of Primary Management Power / Daniel Fischel Frank Easterbrook
92
Automatic Self-Cleansing Filter Syndicate Co., Ltd. v. Cunninghame / Daniel Fischel Frank Easterbrook
92
3.5.1.2.
Structure and Function of the Board / Frank Easterbrook Daniel Fischel
95
3.5.1.3.
Formality in Board Operation / Frank Easterbrook Daniel Fischel
97
3.5.1.4.
A Critique of Boards / Daniel Fischel Frank Easterbrook
98
3.5.2.
Corporate Officers: Agents of the Corporation / Daniel Fischel Frank Easterbrook
98
Jennings v. Pittsburgh Mercantile Co. / Frank Easterbrook Daniel Fischel
99
4.
The Protection Of Creditors / Daniel Fischel Frank Easterbrook
103
4.1.
Mandatory Disclosure / Daniel Fischel Frank Easterbrook
104
4.2.
Capital Regulation / Daniel Fischel Frank Easterbrook
105
4.2.1.
Financial Statements / Daniel Fischel Frank Easterbrook
105
4.2.2.
Distribution Constraints / Frank Easterbrook Daniel Fischel
109
4.2.3.
Minimum Capital and Capital Maintenance Requirements / Frank Easterbrook Daniel Fischel
111
4.3.
Standard-Based Duties / Daniel Fischel Frank Easterbrook
112
4.3.1.
Director Liability / Daniel Fischel Frank Easterbrook
112
4.3.2.
Creditor Protection: Fraudulent Transfers / Daniel Fischel Frank Easterbrook
115
4.3.3.
Shareholder Liability / Daniel Fischel Frank Easterbrook
116
4.3.3.1.
Equitable Subordination / Frank Easterbrook Daniel Fischel
116
Costello v. Fazio / Daniel Fischel Frank Easterbrook
116
4.3.3.2.
Piercing the Corporate Veil / Daniel Fischel Frank Easterbrook
122
Sea-Land Services, Inc. v. The Pepper Source / Frank Easterbrook Daniel Fischel
123
Kinney Shoe Corp. v. Polan / Daniel Fischel Frank Easterbrook
127
4.4.
Veil Piercing On Behalf Of Involuntary Creditors / Frank Easterbrook Daniel Fischel
131
Walkovszky v. Carlton / Daniel Fischel Frank Easterbrook
132
5.
Debt, Equity, And Economic Value / Frank Easterbrook Daniel Fischel
143
5.1.
Capital Structure / Frank Easterbrook Daniel Fischel
143
5.1.1.
Legal Character of Debt / Daniel Fischel Frank Easterbrook
144
5.1.2.
Legal Character of Equity / Daniel Fischel Frank Easterbrook
145
5.2.
Basic Concepts Of Valuation / Frank Easterbrook Daniel Fischel
147
5.2.1.
The Time Value of Money / Frank Easterbrook Daniel Fischel
147
5.2.2.
Risk and Return / Frank Easterbrook Daniel Fischel
149
5.2.3.
Diversification and Systematic Risk / Frank Easterbrook Daniel Fischel
152
5.3.
Valuing Assets / Frank Easterbrook Daniel Fischel
154
5.3.1.
The Discount Cash Flow (DCF) Approach / Daniel Fischel Frank Easterbrook
154
5.3.2.
The Relevance of Prices in the Securities Market / Frank Easterbrook Daniel Fischel
157
In re Emerging Communications Inc., Shareholder Litigation / Frank Easterbrook Daniel Fischel
158
6.
Normal Governance: The Voting System / Frank Easterbrook Daniel Fischel
163
6.1.
Introduction: Shareholder Voting In The New Corporate Governance / Frank Easterbrook Daniel Fischel
163
6.2.
Electing And Removing Directors / Daniel Fischel Frank Easterbrook
166
6.2.1.
Electing Directors / Frank Easterbrook Daniel Fischel
166
6.2.2.
Removing Directors / Frank Easterbrook Daniel Fischel
169
6.3.
Shareholder Meetings And Alternatives / Frank Easterbrook Daniel Fischel
172
6.4.
Proxy Voting And Its Costs / Frank Easterbrook Daniel Fischel
173
Rosenfeld v. Fairchild Engine & Airplane Corp. / Frank Easterbrook Daniel Fischel
175
6.5.
Class Voting / Frank Easterbrook Daniel Fischel
177
6.6.
Shareholder Information Rights / Frank Easterbrook Daniel Fischel
179
6.7.
Techniques For Separating Control From Cash Flow Rights / Frank Easterbrook Daniel Fischel
181
6.7.1.
Circular Control Structures / Frank Easterbrook Daniel Fischel
181
Speiser v. Baker / Daniel Fischel Frank Easterbrook
182
6.7.2.
Vote Buying / Frank Easterbrook Daniel Fischel
188
Voting in Corporate Law / Frank Easterbrook Daniel Fischel
188
Schreiber v. Carney / Frank Easterbrook Daniel Fischel
189
6.7.3.
Controlling Minority Structures / Frank Easterbrook Daniel Fischel
197
Stock Pyramids, Cross-Ownership, and Dual Class Equity / Lucian A. Bebchuk Reinier Kraakman George G. Triantis
197
6.8.
Mitigating A Collective Problem Today: Activist Investors / Reinier Kraakman Lucian A. Bebchuk George G. Triantis
201
Hedge Funds in Corporate Governance and Corporate Control / Marcel Kahan Edward B. Rock
202
6.9.
The Federal Proxy Rules / Marcel Kahan Edward B. Rock
203
6.9.1.
Rules 14a-1 Through 14a-7: Disclosure and Shareholder Communication / Marcel Kahan Edward B. Rock
203
6.9.2.
Activist Investors and the Short Slate Proxy Contest / Marcel Kahan Edward B. Rock
207
6.9.3.
Access to the Company's Proxy Statement: Rule 14a-8: Shareholder Proposals / Marcel Kahan Edward B. Rock
208
6.9.4.
Rule 14a-9: The Antifraud Rule / Marcel Kahan Edward B. Rock
214
Virginia Bankshares, Inc. v. Sandberg / Marcel Kahan Edward B. Rock
216
6.10.
Fiduciary Superintendence Of Shareholder Voting / Marcel Kahan Edward B. Rock
224
Schnell v. Chris-Craft Industries, Inc. / Marcel Kahan Edward B. Rock
225
7.
Normal Governance: The Duty Of Care / Edward B. Rock Marcel Kahan
229
7.1.
Introduction To The Duty Of Care / Edward B. Rock Marcel Kahan
229
7.2.
The Duty Of Care And The Need To Mitigate Director Risk Aversion / Edward B. Rock Marcel Kahan
230
Gagliardi v. TriFoods International, Inc. / Edward B. Rock Marcel Kahan
231
7.3.
Statutory Techniques For Limiting Director And Officer Risk Exposure / Edward B. Rock Marcel Kahan
233
7.3.1.
Indemnification / Edward B. Rock Marcel Kahan
233
Waltuch v. Conticommodity Services, Inc. / Edward B. Rock Marcel Kahan
233
7.3.2.
Directors and Officers Insurance / Edward B. Rock Marcel Kahan
238
7.4.
Judicial Protection: The Business Judgment Rule / Edward B. Rock Marcel Kahan
239
Kamin v. American Express Co. / Edward B. Rock Marcel Kahan
240
7.4.1.
Understanding the Business Judgment Rule / Edward B. Rock Marcel Kahan
243
7.4.2.
The Duty of Care in Takeover Cases: A Note on Smith v. Van Gorkom / Edward B. Rock Marcel Kahan
244
7.4.3.
Additional Statutory Protection: Authorization for Charter Provisions Waiving liability for Due Care Violations / Edward B. Rock Marcel Kahan
246
7.5.
The Board's Duty To Monitor: Losses "Caused" By Board Passivity / Edward B. Rock Marcel Kahan
248
Francis v. United Jersey Bank / Edward B. Rock Marcel Kahan
249
Graham v. Allis-Chalmers Manufacturing Co. / Edward B. Rock Marcel Kahan
255
In the Matter of Michael Marchese / Edward B. Rock Marcel Kahan
259
In re Caremark International Inc. Derivative Litigation / Edward B. Rock Marcel Kahan
265
In re Citigroup Inc. Shareholder Derivative Litigation / Edward B. Rock Marcel Kahan
272
7.6.
"Knowing" Violations Of Law / Edward B. Rock Marcel Kahan
277
Miller v. AT&T / Edward B. Rock Marcel Kahan
278
8.
The Duty Of Loyalty: Conflict Transactions / Edward B. Rock Marcel Kahan
283
8.1.
Duty To Whom? / Edward B. Rock Marcel Kahan
284
8.1.1.
The Shareholder Primacy Norm / Edward B. Rock Marcel Kahan
284
A.P. Smith Manufacturing Co. v. Barlow / Edward B. Rock Marcel Kahan
287
8.1.2.
Constituency Statutes / Edward B. Rock Marcel Kahan
289
8.1.3.
Defining Corporate Purpose in the Charter: Benefit Corporations / Edward B. Rock Marcel Kahan
290
8.2.
Self-Dealing Transactions / Edward B. Rock Marcel Kahan
292
8.2.1.
The Disclosure Requirement / Edward B. Rock Marcel Kahan
293
State ex rel. Hayes Oyster Co. v. Keypoint Oyster Co. / Edward B. Rock Marcel Kahan
293
Self-Interested Transactions in Corporate Law / Melvin Eisenberg
296
8.3.
The Effect Of Approval By A Disinterested Party / Melvin Eisenberg
298
8.3.1.
Early Regulation of Fiduciary Self-Dealing / Melvin Eisenberg
298
8.3.2.
Judicial Review of Self-Dealing Today: The Limited Role of Safe Harbor Statutes / Melvin Eisenberg
300
Cookies Food Products v. Lakes Warehouse / Melvin Eisenberg
300
8.3.3.
Judicial Review When Transaction Has Been Approved by a Disinterested Majority of the Board / Melvin Eisenberg
305
Self-Interested Transactions in Corporate Law / Melvin Eisenberg
306
Cooke v. Oolie / Melvin Eisenberg
307
8.3.4.
Approval by a Minority of Directors: Special Board Committees / Melvin Eisenberg
309
8.3.5.
Shareholder Ratification of Conflict Transactions / Melvin Eisenberg
309
Lewis v. Vogelstein / Melvin Eisenberg
310
8.4.
Corporate Directors And The Duty Of Good Faith / Melvin Eisenberg
311
8.5.
Controlling Shareholders And The Fairness Standard / Melvin Eisenberg
313
8.5.1.
Different Treatment for Controlling Shareholders? / Melvin Eisenberg
313
Sinclair Oil Corp. v. Levien / Melvin Eisenberg
314
Weinberger v. UOP, Inc. / Melvin Eisenberg
318
8.5.2.
Approval by a Board Minority of "Independent" Directors: Special Committees / Melvin Eisenberg
326
8.6.
Corporate Opportunity Doctrine / Melvin Eisenberg
327
8.6.1.
Determining Which Opportunities "Belong" to the Corporation / Melvin Eisenberg
328
8.6.2.
When May a Fiduciary Take a Corporate Opportunity? / Melvin Eisenberg
329
8.7.
The Duty Of Loyalty In Close Corporations / Melvin Eisenberg
330
Donahue v. Rodd Electrotype Co. / Melvin Eisenberg
331
Close Corporations and Agency Costs / Frank Easterbrook Daniel Fischel
336
Smith v. Atlantic Properties, Inc. / Frank Easterbrook Daniel Fischel
338
9.
Executive Compensation / Daniel Fischel Frank Easterbrook
343
9.1.
Introduction / Daniel Fischel Frank Easterbrook
343
9.2.
The Challenge Of Executive Pay / Frank Easterbrook Daniel Fischel
344
9.2.1.
Creating Incentives That Align Managers with Investors / Frank Easterbrook Daniel Fischel
344
9.2.2.
Political and Regulatory Responses to Executive Pay / Frank Easterbrook Daniel Fischel
347
9.3.
Are U.S. CEOs Paid Too Much? / Daniel Fischel Frank Easterbrook
352
Pay Without Performance: Overview of the Issues / Lucian Bebchuk Jesse Fried
355
Pay Without Performance and the Managerial Power Hypothesis: A Comment / Bengt Holmstrom
357
9.4.
Judicial Review Of Compensation / Bengt Holmstrom
358
9.4.1.
The Law of Executive Officer Compensation / Bengt Holmstrom
358
In re The Goldman Sachs Group, Inc. Shareholder Litigation / Bengt Holmstrom
360
9.5.
Judicial Review Of Director Compensation / Bengt Holmstrom
368
Calma v. Templeton / Bengt Holmstrom
369
10.
Shareholder Lawsuits / Bengt Holmstrom
375
10.1.
Distinguishing Between Direct And Derivative Claims / Bengt Holmstrom
375
10.2.
Solving A Collective Action Problem: Attorneys' Fees And The Incentive To Sue / Bengt Holmstrom
379
Fletcher v. Aj. Industries, Inc. / Bengt Holmstrom
380
10.3.
Standing Requirements / Bengt Holmstrom
385
10.4.
Balancing The Rights Of Boards To Manage The Corporation And Shareholders' Rights To Obtain Judicial Review / Bengt Holmstrom
387
10.4.1.
The Demand Requirement of Rule 23 / Bengt Holmstrom
388
Levine v. Smith / Bengt Holmstrom
388
Rales v. Blasband / Bengt Holmstrom
393
10.4.2.
Special Litigation Committees / Bengt Holmstrom
400
Zapata Corp. v. Maldonado / Bengt Holmstrom
400
In re Oracle Corp. Derivative Litigation / Bengt Holmstrom
406
Joy v. North / Bengt Holmstrom
414
10.5.
Dealing With An Abundance Of Shareholder Suits: Exclusive Forum Bylaws / Bengt Holmstrom
418
10.6.
Settlement And Indemnification / Bengt Holmstrom
421
10.6.1.
Settlement by Class Representatives / Bengt Holmstrom
421
10.6.2.
Settlement by Special Committee / Bengt Holmstrom
422
Carlton Investments v. TLC Beatrice International Holdings, Inc. / Bengt Holmstrom
422
10.7.
When Are Derivative Suits In Shareholders' Interests? / Bengt Holmstrom
425
11.
Transactions In Control / Bengt Holmstrom
427
11.1.
Sales Of Control Blocks: The Seller's Duties / Bengt Holmstrom
429
11.1.1.
The Regulation of Control Premia / Bengt Holmstrom
429
Zetlin v. Hanson Holdings, Inc. / Bengt Holmstrom
430
Perlman v. Feldmann / Bengt Holmstrom
431
11.1.2.
A Defense of the Market Rule in Sales of Control / Bengt Holmstrom
437
Corporate Control Transactions / Daniel R. Fischel Frank H. Easterbrook
437
In re Delphi Financial Group Shareholder Litigation / Frank H. Easterbrook Daniel R. Fischel
442
11.2.
Sale Of Corporate Office / Frank H. Easterbrook Daniel R. Fischel
448
11.3.
Looting / Frank H. Easterbrook Daniel R. Fischel
449
11.4.
Tender Offers: The Buyer's Duties / Frank H. Easterbrook Daniel R. Fischel
450
Brascan Ltd. v. Edper Equities Ltd. / Frank H. Easterbrook Daniel R. Fischel
452
11.5.
The Hart-Scott-Rodino Act Waiting Period / Frank H. Easterbrook Daniel R. Fischel
456
12.
Fundamental Transactions: Mergers And Acquismons / Daniel R. Fischel Frank H. Easterbrook
459
12.1.
Introduction / Frank H. Easterbrook Daniel R. Fischel
459
12.2.
Economic Motives For Mergers / Frank H. Easterbrook Daniel R. Fischel
460
12.2.1.
Integration as a Source of Value / Daniel R. Fischel Frank H. Easterbrook
460
12.2.2.
Other Sources of Value in Acquisitions: Tax, Agency Costs, and Diversification / Daniel R. Fischel Frank H. Easterbrook
461
12.2.3.
Suspect Motives for Mergers / Daniel R. Fischel Frank H. Easterbrook
463
12.2.4.
Do Mergers Create Value? / Frank H. Easterbrook Daniel R. Fischel
464
12.3.
The Evolution Of The U.S. Corporate Law Of Mergers / Frank H. Easterbrook Daniel R. Fischel
464
12.3.1.
When Mergers Were Rare / Daniel R. Fischel Frank H. Easterbrook
465
12.3.2.
The Modern Era / Daniel R. Fischel Frank H. Easterbrook
465
12.4.
The Allocation Of Power In Fundamental Transactions / Daniel R. Fischel Frank H. Easterbrook
466
12.5.
Overview Of Transactional Form / Daniel R. Fischel Frank H. Easterbrook
469
12.5.1.
Asset Acquisition / Daniel R. Fischel Frank H. Easterbrook
469
Katz v. Bregman / Daniel R. Fischel Frank H. Easterbrook
470
12.5.2.
Stock Acquisition / Daniel R. Fischel Frank H. Easterbrook
474
12.5.3.
Mergers / Daniel R. Fischel Frank H. Easterbrook
475
12.5.4.
Triangular Mergers / Daniel R. Fischel Frank H. Easterbrook
477
12.6.
Structuring The M&A Transaction / Daniel R. Fischel Frank H. Easterbrook
478
12.6.1.
Timing / Daniel R. Fischel Frank H. Easterbrook
479
12.6.2.
Regulatory Approvals, Consents, and Title Transfers / Daniel R. Fischel Frank H. Easterbrook
479
12.6.3.
Planning Around Voting and Appraisal Rights / Daniel R. Fischel Frank H. Easterbrook
480
12.6.4.
Due Diligence, Representations and Warranties, Covenants, and Indemnification / Daniel R. Fischel Frank H. Easterbrook
480
12.6.5.
Deal Protections and Termination Fees / Daniel R. Fischel Frank H. Easterbrook
482
12.6.6.
Accounting Treatment / Daniel R. Fischel Frank H. Easterbrook
482
12.6.7.
A Case Study: Excerpt from Timberjack Agreement and Plan of Merger / Daniel R. Fischel Frank H. Easterbrook
482
12.7.
The Appraisal Remedy / Daniel R. Fischel Frank H. Easterbrook
487
12.7.1.
History and Theory / Daniel R. Fischel Frank H. Easterbrook
487
12.7.2.
The Appraisal Alternative in Interested Mergers / Daniel R. Fischel Frank H. Easterbrook
489
12.7.3.
The Market-Out Rule / Daniel R. Fischel Frank H. Easterbrook
491
12.7.4.
The Nature of "Fair Value" / Daniel R. Fischel Frank H. Easterbrook
492
12.7.5.
Discounted Cash Flow Analysis / Daniel R. Fischel Frank H. Easterbrook
493
12.7.6.
Current Developments in Appraisal / Daniel R. Fischel Frank H. Easterbrook
495
12.8.
The De Facto Merger Doctrine / Daniel R. Fischel Frank H. Easterbrook
498
Hariton v. Arco Electronics, Inc. / Daniel R. Fischel Frank H. Easterbrook
499
12.9.
The Duty Of Loyalty In Controlled Mergers / Daniel R. Fischel Frank H. Easterbrook
502
12.9.1.
Cash Mergers or Freeze-Outs / Daniel R. Fischel Frank H. Easterbrook
503
Kahn v. Lynch Communications Systems, Inc. / Daniel R. Fischel Frank H. Easterbrook
505
Kahn v. M&F Worldwide Corp et al. / Daniel R. Fischel Frank H. Easterbrook
512
11.9.2.
Do Controlling Shareholders Have a Duty to Offer Only a Fair Price on the First Tender Offer Step of a Two Step Freeze-Out? / Daniel R. Fischel Frank H. Easterbrook
520
In re CNX Gas Corporation Shareholders Litigation / Daniel R. Fischel Frank H. Easterbrook
521
13.
Public Contests For Corporate Control / Daniel R. Fischel Frank H. Easterbrook
531
13.1.
Introduction / Daniel R. Fischel Frank H. Easterbrook
531
13.2.
Defending Against Hostile Tender Offers / Daniel R. Fischel Frank H. Easterbrook
534
Unocal Corp. v. Mesa Petroleum Co. / Daniel R. Fischel Frank H. Easterbrook
534
13.3.
Private Law Innovation: The Poison Pill / Daniel R. Fischel Frank H. Easterbrook
541
13.4.
Choosing A Merger Or Buyout Partner: Revlon, Its Sequels, And Its Prequels / Daniel R. Fischel Frank H. Easterbrook
547
Smith v. Van Gorkom / Daniel R. Fischel Frank H. Easterbrook
548
Revlon, Inc. v. MacAndrews and Forbes Holdings, Inc. / Daniel R. Fischel Frank H. Easterbrook
556
13.5.
Pulling Together Unocal And Revlon / Daniel R. Fischel Frank H. Easterbrook
560
Paramount Communications, Inc. v. Time, Inc. / Daniel R. Fischel Frank H. Easterbrook
561
Paramount Communications, Inc. v. QVC Network, Inc. / Daniel R. Fischel Frank H. Easterbrook
568
13.6.
Regulation Of Takeovers In Other Legal Systems / Daniel R. Fischel Frank H. Easterbrook
582
13.7.
Bringing Takeovers Law Down To Date / Daniel R. Fischel Frank H. Easterbrook
584
Lyondell Chemical Co. v. Ryan / Daniel R. Fischel Frank H. Easterbrook
584
C&J Energy Services, Inc. v. City of Miami General Employees and Sanitation Employees Retirement Trust / Daniel R. Fischel Frank H. Easterbrook
590
13.8.
Protecting The Deal / Daniel R. Fischel Frank H. Easterbrook
593
13.8.1.
"No Shops/No Talks" and "Fiduciary Outs" / Daniel R. Fischel Frank H. Easterbrook
596
13.8.2.
Shareholder Lock-ups / Daniel R. Fischel Frank H. Easterbrook
597
Omnicare, Inc. v. NCS Healthcare, Inc. / Daniel R. Fischel Frank H. Easterbrook
597
13.9.
State Antitakeover Statutes / Daniel R. Fischel Frank H. Easterbrook
605
13.9.1.
First- and Second-Generation Antitakeover Statutes (1968-1987) / Daniel R. Fischel Frank H. Easterbrook
605
13.9.2.
Third-Generation Antitakeover Statutes / Daniel R. Fischel Frank H. Easterbrook
608
13.10.
Proxy Contests For Corporate Control / Daniel R. Fischel Frank H. Easterbrook
610
Blasius Industries, Inc. v. Atlas Corp. / Daniel R. Fischel Frank H. Easterbrook
611
14.
Trading In The Corporation's Securities / Daniel R. Fischel Frank H. Easterbrook
617
14.1.
Common Law Of Directors' Duties When Trading In The Corporation's Stock / Daniel R. Fischel Frank H. Easterbrook
617
Goodwin v. Agassiz / Daniel R. Fischel Frank H. Easterbrook
618
14.2.
The Corporate Law Of Insider Trading Post-Goodwin / Daniel R. Fischel Frank H. Easterbrook
621
Freeman v. Decio / Daniel R. Fischel Frank H. Easterbrook
622
14.3.
[§]16(b) And Rule 16-B Under The 1934 Act / Frank H. Easterbrook Daniel R. Fischel
625
14.4.
Exchange Act [§]10(b) And Rule 10b-5 / Daniel R. Fischel Frank H. Easterbrook
627
14.4.1.
Evolution of Private Right of Action Under [§]10 / Frank H. Easterbrook Daniel R. Fischel
628
14.4.2.
Elements of a 10b-5 Claim / Frank H. Easterbrook Daniel R. Fischel
629
14.4.3.
Early Rule 10b-5 Insider Trading Liability: The Equal Access Theory / Frank H. Easterbrook Daniel R. Fischel
630
SEC v. Texas Gulf Sulphur Co. / Frank H. Easterbrook Daniel R. Fischel
630
Santa Fe Industries, Inc. v. Green / Daniel R. Fischel Frank H. Easterbrook
636
14.4.4.
The Equal Access Theory of Rule 10b-5 Liability / Frank H. Easterbrook Daniel R. Fischel
640
14.4.5.
Elements of 10b-5 Liability: The Fiduciary Duty Theory / Daniel R. Fischel Frank H. Easterbrook
641
Chiarella v. United States / Frank H. Easterbrook Daniel R. Fischel
642
14.4.6.
The Problem of Tippees after Chiarella / Frank H. Easterbrook Daniel R. Fischel
647
Dirks v. SEC / Daniel R. Fischel Frank H. Easterbrook
647
United States v. Newman / Frank H. Easterbrook Daniel R. Fischel
652
14.4.7.
Note on Regulation FD / Frank H. Easterbrook Daniel R. Fischel
660
14.4.8.
The Introduction of the Misappropriation Theory / Daniel R. Fischel Frank H. Easterbrook
663
United States v. O'Hagan / Frank H. Easterbrook Daniel R. Fischel
663
14.4.9.
Civil Liability, Civil Fines, and Criminal Penalties for Security Fraud Violations / Frank H. Easterbrook Daniel R. Fischel
666
Elkind v. Liggett & Myers, Inc. / Daniel R. Fischel Frank H. Easterbrook
667
14.5.
The Other Side Of 10B-5: Fraud-On-The-Market Class Actions / Frank H. Easterbrook Daniel R. Fischel
670
14.5.1.
Materiality and Reliance in FOM Class Actions / Frank H. Easterbrook Daniel R. Fischel
671
Basic Inc. v. Levinson / Daniel R. Fischel Frank H. Easterbrook
671
14.5.2.
Loss Causation in 10b-5 Class Actions / Frank H. Easterbrook Daniel R. Fischel
677
14.5.3.
The Role of Class Certification in Recent Challenges to FOM Actions / Frank H. Easterbrook Daniel R. Fischel
680
14.6.
Insider Trading And Fom Class Actions: The Academic Policy Debates / Daniel R. Fischel Frank H. Easterbrook
683
14.6.1.
The Insider-Trading Debate / Frank H. Easterbrook Daniel R. Fischel
683
14.6.2.
The Academic Policy Debate over FOM Class Actions / Frank H. Easterbrook Daniel R. Fischel
687
Table of Cases / Daniel R. Fischel Frank H. Easterbrook
693
Index / Frank H. Easterbrook Daniel R. Fischel
699