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  • John C. Coffee, Jr.: Event Contracts and Prediction Markets Comment bubble 3 By John C. Coffee, Jr.
  • Leveraging Information Forcing in Good Faith By Hillary Sale
  • The Dark Side of Safe Harbors Comment bubble 2 By Susan C. Morse
  • John C. Coffee, Jr. – Mass Torts and Corporate Strategies: What Will the Courts Allow? By John C. Coffee, Jr.
  • Compliance’s Next Challenge: Polarization By Miriam H. Baer
  • Will the Common Good Guys Come to the Shootout in SEC v. Jarkesy? And Why It Matters By Eric W. Orts
  • Climate Disclosure Line-Drawing and Securities Regulation By Virginia Harper Ho
  • Board Committee Charters and ESG Accountability By Lisa M. Fairfax
Editor-At-Large Reynolds Holding

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Columbia Law School's Blog on Corporations and the Capital Markets

Editorial Board John C. Coffee, Jr. Edward F. Greene Kathryn Judge

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How Humans and AI Can Complement Each Other at Work and in the Financial Sector

By Isabella Loaiza and Roberto Rigobon June 20, 2025 by renholding

As AI systems evolve, there’s been a surge of attention and anxiety around how they are reshaping the workforce. The conversation often centers on which jobs are at risk of automation and what machines are capable of. While these are …

How Accurate Are Corporate AI Disclosures?

By John M. Barrios, John L. Campbell, Ryan G. Johnson and Christine Liu March 3, 2025 by renholding

Artificial intelligence (AI) is emerging as a general purpose technology (GPT) with the potential to transform industries. As a result, the potential benefits of AI give firms strong reasons to adopt it – but also provides opportunities to exaggerate their …

The Implications of Allowing Companies to Police Themselves

By Kentaro Asai and Tatsuhiko Inatani January 21, 2025 by renholding

A notable trend has emerged: outsourcing non-monetary sanctions to firms that enforce penalties internally and more efficiently for employee misconduct. In a new paper, we examine this trend, focusing on the deterrence and policy implications of transforming corporations into self-policing …

Wachtell Lipton Discusses FTC’s Sweeping Ban on Employment Non-Competes

By Nelson O. Fitts, Michael J. Schobel and Emily E. Samra April 25, 2024 by renholding

In a public meeting Tuesday, a divided Federal Trade Commission voted along party lines to issue a final rule prohibiting non-compete clauses for nearly all U.S. workers.  The FTC previously published the proposed ban in January 2023, drawing thousands of …

Ropes & Gray Discusses Supreme Court Ruling on SOX Retaliation Claims

By Greg Demers, Doug Brayley, Brendan Kearney and Jack Shaffery March 5, 2024 by renholding

Plaintiffs bringing retaliation claims under the Sarbanes-Oxley Act do not have to prove their employers’ “retaliatory intent,” only that their whistleblowing activity contributed to their termination, according to a recent ruling by the U.S. Supreme Court. In a unanimous opinion …

Do Employees Value ESG Initiatives?

By Ming D. Leung, Ben Lourie, Chuchu Liang and Chenqi Zhu August 30, 2023 by renholding

While environmental, social, and governance (ESG) initiatives undeniably shape corporate reputations and stakeholder perspectives, a crucial question arises: Does the modern workforce truly value these efforts? At one end of the spectrum, critics argue that employees might prioritize job security, …

Reimagining Board Committees to Accommodate Worker Voice

By Douglas K. Chia July 5, 2022 by renholding

Employees at U.S. public corporations have increasingly demanded that their concerns be heard at the very senior levels of management.  If current trends continue, boards of directors could also be challenged to accommodate “worker voice” more formally.  Rather than being …

The “S” in ESG: Human Capital Management

By George S. Georgiev March 16, 2022 by renholding

Over the past decade, ESG has morphed from a fringe concern into one of the most prominent topics in corporate governance – and a flourishing research area as well.[1] Nevertheless, some notable blindspots remain. Based on a recent survey, …

How Corporate Governance Codetermination Works in Practice

By Grant Hayden and Matthew Bodie June 3, 2021 by renholding

Codetermination is a system of shared corporate governance between workers and shareholders. While such a system has long been a staple of the European business world, it has been generally ignored by U.S. corporate governance scholars. When it has made …

Common Ownership and the Decline of the American Worker

By Zohar Goshen and Doron Levit June 1, 2021 by renholding

American workers are more productive than ever, but they take home the same pay they did 40 years ago.  While firms have enjoyed blockbuster profits—and the U.S. gross domestic product has tripled—most American households have not shared in this increasing …

The Underside of Hedge Fund Activism: Looting the Pension Fund

By John C. Coffee, Jr. April 14, 2021 by renholding

Hedge fund activism is a topic on which most law professors have closed their minds. They learned in student days that activist hedge funds are excellent agents of change that efficiently discipline managements at targeted firms and increase shareholder wealth. …

The Management Case for Inclusionary Corporate Purpose

By J.S. Nelson March 16, 2021 by renholding

The most vital and deeply practical argument for more broadly understanding corporate purpose comes from the management literature and the data on how to motivate people in organizations. Put simply, people in organizations do not work as hard or come …

Stakeholders Will Guide Companies Out of This Crisis – and the Next One, Too

By Stavros Gadinis and Amelia Miazad June 8, 2020 by renholding

Companies will not survive Covid-19 unless they communicate with their stakeholders. As the world around them transforms, corporate leaders must welcome input from those on the front lines of corporate activity – primarily employees and consumers, but also local communities, …

Financial Misconduct and Changes in Employee Satisfaction

By Yuqing Zhou and Christos Makridis November 22, 2019 by renholding

In a recent paper, we use new and proprietary micro-data from company-ratings site Glassdoor for the period between 2008 and 2016 to investigate changes in employees’ perception of firms and managers during  periods of financial misconduct and after the public …

What Comes After Shareholder Primacy? Employee Empowerment

By Grant Hayden and Matthew Bodie September 16, 2019 by renholding

In corporate law, the U.S. academic elite stubbornly clings to shareholder primacy as the foundational principle of the field. The concept is simple, even elegant: Shareholders should be given ultimate control of the corporation because they are entitled to the …

How Rank and File Equity Compensation Affects Earnings Management

By Kip Holderness, Adrienna A. Huffman and Melissa F. Lewis-Western August 23, 2019 by renholding

Equity compensation is a beneficial tool when it motivates employees to engage more intensely in performance-enhancing activities. One negative consequence of equity compensation, however, is that it provides incentives to manage earnings (i.e., to strategically present financial reports or structure …

How Can Humans Work With Artificial Intelligence?

By Andreas Fügener, Jörn Grahl, Alok Gupta and Wolfgang Ketter April 26, 2019 by renholding

How will artificial intelligence (AI) influence the workplace of the future and thereby the human working condition? The focus of this discussion has been on the rather tautological conclusion that many current jobs will eventually be performed by machines. In …

The Effect of Gig Workers on Stock Prices

By Kelly Carter January 11, 2019 by renholding

Gig workers, who are hired to complete a project, or “gig,” constitute a significant portion of the workforce.  The McKinsey Global Institute states that gig workers make up between 20 and 30 percent of all workers in the U.S. and …

How Substitutable Are Workers? Evidence from Worker Deaths

By Simon Jäger June 14, 2017 by renholding

The fluidity of labor markets depends on the ease with which one side of the market can fulfill the needs of the other: whether workers can find employment that suits their skills and firms can find adequate substitutes for workers …

How Tax Policy Favors Robots over Workers and What to Do About it

By Ryan Abbott and Bret Bogenschneider June 6, 2017 by renholding

There is a longstanding and growing public debate about the costs and benefits of automation. Earlier this year, Bill Gates argued that robots who take human jobs should pay taxes. Mark Zuckerberg recently warned the graduating class at Harvard University …

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D&O Diary
SEC Seeking More Individual Liability
May 13, 2026
Wall Street Journal
1MDB-Scandal’s Villain Seeks Pardon
May 13, 2026
Bloomberg
Senate Confirms Fed Chair Warsh
May 13, 2026
New York Times
Geothermal Energy Firm Goes Public
May 13, 2026
Financial Times
Judge Questions Musk-SEC Resolution
May 13, 2026
Cooley M&A
SEC Cuts Minimum Tender Offer Period
May 12, 2026
Delaware Business Litigation Report
Delaware Supreme Court Addresses Implied Covenant in Earnout Dispute
May 12, 2026
New York Times
EBay Rejects GameStop’s $55 Bln Bid
May 12, 2026
Financial Times
Oil Majors Return to Alaska
May 12, 2026
Sidley Enhanced Scrutiny
U.S. Court Enforces Texas’ 3% Ownership Rule for Derivative Claims
May 12, 2026
Bloomberg
SEC Moves to End “Gag Rule”
May 12, 2026
The Governance Beat
SEC Likely to Nix Climate Disclosure
May 11, 2026
Financial Times
Sony-Blackstone in Music Rights Deal
May 11, 2026
D&O Diary
Tariff-Recovery Suits Rising Again
May 11, 2026
Reuters
Insider Trading Scandal Exposes Gaps in Law Firms’ Security
May 11, 2026
Bloomberg
SEC Audit Oversight Push Renews Questions for Enron-Era Watchdog
May 11, 2026
Semafor
Insider Trading Cases Will Get Harder
May 10, 2026
Bloomberg
Insider Traders Switched Firms Easily
May 10, 2026
Wall Street Journal
PCAOB Independence Rules Must Go
May 10, 2026
The FinReg Blog
Is Trump Token Unregistered Security?
May 10, 2026
Deal Lawyers.com
Stockholder-Pact Case Ends Like Moelis
May 10, 2026
D&O Diary
Securities Suit Hits Private Credit Firm
May 7, 2026
New York Post
Apollo to Open Non-NYC Headquarters
May 7, 2026
Politico
Wall Street Losing War With Crypto
May 7, 2026
The Block
Senator Says No to Any Crypto Bill Without an Ethics Provision
May 7, 2026
Deal Lawyers.com
CFIUS Resuming Normal Operations
May 7, 2026
Financial Times
30 Lawyers Accused of Insider Trading
May 6, 2026
D&O Diary
The Latest Jarkesy Developments
May 6, 2026
Wall Street Journal
Ken Griffin: New York “Doesn’t Welcome Success” Under Mamdani
May 6, 2026
Bloomberg
SEC Rule to End Biden-Era Climate Policy Sent to White House
May 6, 2026
Deal Lawyers.com
Chancery Nixes Merger-Related Fraud Claims as Preempted Under SLUSA
May 6, 2026
Freshfields' A Fresh Take
Connecticut to Enact Strict AI Law
May 5, 2026
Financial Times
JPMorgan, Blackrock Scoff at AI Bubble
May 5, 2026
D&O Diary
Ed-Tech Backlash Spurs Securities Suits
May 5, 2026
Wall Street Journal
SEC, Musk Settle Twitter Shares Case
May 5, 2026
Deal Lawyers.com
Delaware Chancery Allows Narrow Fraud Claim in M&A Earnout Case
May 5, 2026
Delaware Business Litigation Report
Delaware Supreme Court Mulls Another Boardwalk Pipeline Partners Appeal
May 4, 2026
Financial Times
Ebay Weighs GameStop’s $56 Bln Offer
May 4, 2026
Wall Street Journal
Losers Dominate Prediction Markets
May 4, 2026
Delaware Corporate & Commercial Litigation Blog
Delaware Chancery Nixes Founder/CEO Firing of Managing Board
May 4, 2026
Business Law Prof Blog
The Latest on Reincorporations
May 4, 2026
D&O Diary
Delaware Court Rules Disgorgement Not “Penalty” Precluding Coverage
May 3, 2026
Wall Street Journal
Buffett Fans Love 90s Berkshire Website
May 3, 2026
Bloomberg
Bitcoin Lags Despite Booster Efforts
May 3, 2026
Deal Lawyers.com
Private Equity Hits Bumpy First Quarter
May 3, 2026
Business Law Prof Blog
Shareholder Rights Are Losing Out to Promoters of “Wealth Maximization”
May 3, 2026
The Governance Beat
Beware Using AI to Draft Proxy
April 30, 2026
D&O Diary
Defendant Wins Securities Suit Trial
April 30, 2026
Bloomberg
Fidelity Mandates Five Days in Office
April 30, 2026
CoinDesk
Small Polymarket Group Winning Big
April 30, 2026
Deal Lawyers.com
Delaware Supreme Court Rejects Challenge to Advance Notice Bylaws
April 30, 2026
Reuters
Starbucks Customers Coming Back
April 29, 2026
Cleary Enforcement Watch
SEC, CFTC Offer Amendments to Reduce Form PF Reporting Burdens
April 29, 2026
D&O Diary
Blue Owl Shows D&O Private Credit Risk
April 29, 2026
Bloomberg
CEO Explains How He Faked Results in $300 Million Meltdown
April 29, 2026
ABC News
Bankman-Fried Denied New Trial
April 29, 2026
Wall Street Journal
UAE Exit Deals OPEC Major Blow
April 28, 2026
Cleary M&A Watch
SEC Cuts Minimum Tender Offer Time
April 28, 2026
Dealbook
Is OpenAI Lagging Further in AI?
April 28, 2026
The Governance Beat
Federal Court Enjoins Company from Excluding Shareholder Proposal
April 28, 2026
Law.com
SEC Chair: Crypto Needs Congress
April 28, 2026
Bloomberg
China Blocks Already Done Meta Deal
April 27, 2026
Dealbook
High-Stakes AI Clash Goes to Court
April 27, 2026
The Governance Beat
Labor Department Indicates Proxy Advisers Have ERISA Fiduciary Duties
April 27, 2026
Debevoise Insights
Do Boards Need AI Experts?
April 27, 2026
Yahoo Finance
Insider Trading Cases Threaten a Reckoning for Prediction Markets
April 27, 2026
Bloomberg
Italy Extradites Chinese Hacker to U.S.
April 26, 2026
New York Times
AI Start-Ups From Canada and Germany Merge to Take On Silicon Valley
April 26, 2026
Delaware Corporate & Commercial Litigation Blog
Delaware Chancery Upholds Tesla’s Texas Bylaw Forum Provisions
April 26, 2026
Deal Lawyers.com
Nasdaq Ups SPAC Listing Requirements
April 26, 2026
Business Law Prof Blog
When Is a Delaware Claim Derivative?
April 26, 2026
Reuters
Warner Shareholders Vote to Approve $110 Billion Merger With Paramount
April 23, 2026
Wall Street Journal
Meta Plans to Lay Off 10% of Workers
April 23, 2026
Bloomberg
Insider Trading Convictions Tossed on Appeal Because of Juror Bias
April 23, 2026
NY Attorney General
Coinbase, Gemini Sued for Gambling
April 23, 2026
Delaware Corporate & Commercial Litigation Blog
Chancery Imposes Attorneys’ Fees for Breach of Confidentiality Order
April 23, 2026
Bloomberg
American Air Explores Alaska Air Revenue-Sharing Deal
April 22, 2026
Reuters
Lululemon Names Nike Exec CEO
April 22, 2026
Wall Street Journal
Trump Nears Spirit Airlines Rescue
April 22, 2026
New York Times
Crypto Entrepreneur Files Fraud Suit Against Trump Family Firm
April 22, 2026
Sidley Enhanced Scrutiny
Chancery Reaffirms Caremark Limits
April 22, 2026
Bloomberg
Deutsche Telekom Eyes T-Mobile Tie-up
April 21, 2026
D&O Diary
Peloton Beats Product Safety Claims
April 21, 2026
Wall Street Journal
Cybercrime Is Big “Scambodia” Industry
April 21, 2026
BBC News
Insider Trading Vibe Taints White House
April 21, 2026
bitcoin.com
SEC Swaps Suits for “ACT” Strategy
April 21, 2026
New York Times
Chip Maker Cerebras Files for IPO
April 20, 2026
D&O Diary
Delaware Court Nixes “Public Offering” Exclusion in De-SPAC Coverage Case
April 20, 2026
Bloomberg
Scotus Mulls SEC Disgorgement
April 20, 2026
Investing.com
U.S. Will Punish Fraud, Insider Trading, Derivatives Regulator Tells Congress
April 19, 2026
Bloomberg
Crypto Bill Languishes in Senate
April 19, 2026
Financial Times
White Collar Defense Lawyers Idled
April 19, 2026
Bloomberg
Scotus May Nix Strongest SEC Remedy
April 19, 2026
Deal Lawyers.com
Delaware Chancery Bars Claims Release as Condition of Merger Payment
April 19, 2026
Wall Street Journal
Netflix Chair to Leave Board in June
April 16, 2026
The Governance Beat
Delaware Chancery Finds CEO’s AI Prompts May Be Subject to Discovery
April 16, 2026
D&O Diary
Cyber Incidents Have Long-Term Impact on Shareholder Value
April 16, 2026
Bloomberg
SEC Chair Atkins Faces Ticking Clock as He Reshapes Wall Street Rules
April 16, 2026
Business Law Prof Blog
Shareholder Voting Is Under Attack
April 16, 2026
Dealbook
Trump Warns He’ll Fire Powell, Again
April 15, 2026
Freshfields' A Fresh Take
FTC Rule Targets Food Delivery Fees
April 15, 2026
The Governance Beat
SEC Chair Touts Pro-IPO Plan–Again
April 15, 2026
D&O Diary
IBM Settles DEI False Claims Act Case
April 15, 2026
Wall Street Journal
He Championed the Trumps’ Crypto Venture. Now He’s Attacking It.
April 15, 2026
Bloomberg
Amazon’s $11.6 Billion Globalstar Deal Amps Up Rivalry With Musk
April 14, 2026
Freshfields Blog
Regulators Start Policing Insider Trading on Predictions Markets
April 14, 2026
New York Post
Oracle Accused of Targeting Stock-Option Holders in Recent Layoffs
April 14, 2026
BBC News
Evergrande Founder Guilty of Fraud
April 14, 2026
Deal Lawyers.com
Chancery Enforces Forum-Selection Bylaw Before It Goes Into Effect
April 14, 2026
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  • How Appealing
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