Hostile takeovers are commonly thought to play a key role in rendering managers accountable to dispersed shareholders in the Anglo-American system of corporate governance. Yet surprisingly little attention has been paid to the very significant differences in takeover regulation between the two...

Only a few times in the nation's history have corporate scandals equaled or exceeded the abuses uncovered over the past few years. But arguably never has so little been done to correct them. This law professor lists the reforms that President Bush might have proposed to make corporate America...

Legal scholars have long debated the role for courts in with respect to governmental action in response to crisis. Most of those crises, however, are exogenous to the political process. The courts' role in response to politically endogenous crises is more complicated. We evaluate the role of the...

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act increased the powers of the Board of Governors of the Federal Reserve System along almost all dimensions pertaining to the supervision and operation of systemically important financial institutions. The authors argue that in...