Corporate law in the United States involves dual regulation. Although state and federal corporate law typically function without mutual interference, the last thirty years have revealed potential conflicts, chiefly in two situations. One involves civil remedies for investors under federal...

$100 million. That is what Ivan Boesky paid the United States as part of a negotiated settlement to charges of inside trading. The Boesky and related securities fraud scandals focused unprecedented attention on the corporate restructuring phenomenon in general and risk arbitrage in particular....