The Corporate Practice Commentator is pleased to announce the results of its poll on the best corporate and securities articles published during 1994. Experienced teachers in corporate and securities laws were asked to select the seven best corporate and seven best securities articles from a list of all articles published during 1994 (Ties increased the number of articles to nine in each category.). Because of the vagaries of publication and mailing some articles published in 1994 contain a 1993 date and not all articles containing a 1994 date were published in time to be included in this list. The line between corporate and securities law is not always clearly defined and there are some on one list that could have been included on the other. The articles, listed in alphabetical order, are:
Corporations
Fraidin, Stephen and Hanson, Jon D. Toward Unlocking Lockups, 103 Yale L.J. 1739-1834 (1994)
Gordon, Jeffrey N. Institutions as Relational Investors: A New Look at Cumulative Voting, 94 Colum. L. Rev. 124-192 (1994)
Karpoff, Jonathan M., and Lott, John R., Jr. The Reputational Penalty Firms Bear From Committing Criminal Fraud, 36 J.L. & Econ. 757-802 (1993)
Kraakman, Reiner, Park, Hyun, and Shavell, StevenWhen Are Shareholder Suits in Shareholder Interests?, 82 Geo. L.J. 1733-1775 (1994)
Mitchell, Lawrence E.Fairness and Trust in Corporate Law, 43 Duke L.J. 425- 491 (1993)
Oesterle, Dale A. and Palmiter, Alan R.Judicial Schizophrenia in Shareholder Voting Cases, 79 Iowa L. Rev. 485-583 (1994)
Pound, JohnThe Rise of the Political Model of Corporate Governance and Corporate Control, 68 N.Y.U. L. Rev. 1003-1071 (1993)
Skeel, David A., Jr.Rethinking the Line Between Corporate Law and Corporate Bankruptcy, 72 Tex. L. Rev. 471-557 (1994)
Thompson, Robert B.Unpacking Limited Liability: Direct and Vicarious Liability of Corporate Participants for Torts of the Enterprise, 47 Vand. L. Rev. 1-41 (1994)
Securities
Alexander, Janet Cooper The Value of Bad News in Securities Class Actions, 41 UCLA L.Rev. 1421-1469 (1994)
Bainbridge, Stephen M.Insider Trading Under the Restatement of the Law Governing Lawyers, 19 J. Corp. L. 1-40 (1993)
Black, Bernard S. and Coffee, John C. Jr. Hail Britannia?: Institutional Investor Behavior Under Limited Regulation, 92 Mich. L. Rev. 1997-2087 (1994)
Booth, Richard A.The Efficient Market, portfolio Theory, and the Downward Sloping Demand Hypothesis, 68 N.Y.U. L. Rev. 1187-1212 (1993)
Coffee, John C., Jr. The SEC and the Institutional Investor: A Half-Time Report, 15 Cardozo L. Rev 837-907 (1994)
Fox, Merritt B.Insider Trading Deterrence Versus Managerial Incentives: A Unified Theory of Section 16(b), 92 Mich. L. Rev. 2088-2203 (1994)
Grundfest, Joseph A.Disimplying Private Rights of Action Under the Federal Securities Laws: The Commission's Authority, 107 Harv. L. Rev. 961-1024 (1994)
Macey, Jonathan R.Administrative Agency Obsolescence and Interest Group Formation: A Case Study of the SEC at Sixty, 15 Cardozo L. Rev. 909-949 (1994)
Rock, Edward B.Controlling the Dark Side of Relational Investing, 15 Cardozo L. Rev. 987-1031 (1994)
The panel participants in the selection included: Jennifer Arlen - University of Southern California law Center; Richard Booth - University of Maryland School of Law; James Cox - Duke University School of Law; Donald Langevoort - Vanderbilt University School of Law; Jonathan Macey - Cornell Law School; Larry Mitchell - George Washington University National law Center; Dale Oesterle - University of Colorado School of Law; Larry Ribstein - George Mason University School of Law; Joel Seligman - University of Michigan Law School.