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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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securities law

Why We Need to Unify Business Law

By Steven L. Schwarcz and Isabelle Stewart November 3, 2026 by renholding

In a new article, we argue that business law’s division into separate disciplines obscures shared problems and generates unnecessary costs. Commercial, financial, bankruptcy, securities, and business-organization law developed largely independently, each responding to particular activities and historical circumstances. Yet …

Comment  

Wachtell Lipton Discusses the Supreme Court’s Business Docket for October Term 2025

By John F. Savarese, Kevin S. Schwartz, Adam L. Goodman and David P.T. Webb July 23, 2026 by renholding

The Supreme Court’s October Term 2025 was one of the most consequential in years.  While the Court grappled with contentious, blockbuster cases concerning birthright citizenship, voting rights, and transgender rights, the Term ultimately was dominated by disputes testing — and, …

Announcement of the Formation of The Shadow SEC

By Members of The Shadow SEC December 16, 2024 by renholding

We today announce the formation of The Shadow SEC, an independent organization of six current academics that, like the earlier established Federal Reserve Shadow Open Market Committee, is intended to provide, encourage, facilitate, and distribute policy discussions and debates relating …

3 Comments  

Wachtell Lipton Discusses the Supreme Court’s Business Docket Last Term

By John F. Savarese, Kevin S. Schwartz, Noah B. Yavitz, Adam L. Goodman and Akua F. Abu July 16, 2024 by renholding

On July 1, the U.S. Supreme Court concluded its most consequential Term in years, with a flood of decisions on contentious issues ranging from abortion access to the regulation of social media companies and gun possession to presidential immunity.  The …

How Bank Regulation and Supervision Can Weaken Financial Stability

By Hamid Mehran and Chester Spatt May 14, 2024 by renholding

We argue that bank regulation and supervision interfere with pricing risk by creating opacity. Given that market disclosures enhance the efforts of supervisors, and vice versa, more disclosure could enhance financial stability (see Spatt, 2010)[1]. In addition, we …

Columbia Law Professor Writes One of Top 10 Corporate and Securities Articles for 2022

By Reynolds Holding May 5, 2023 by renholding

Eric Talley, Isidor & Seville Sulzbacher Professor and co-director of the Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, was among the authors of one of the 10 best corporate and securities articles last year, the

…

Baker McKenzie Discusses the Evolving Securities Legal Framework of ESG Issues

By Paul Chander, Perrie Weiner and Aaron Goodman August 25, 2022 by renholding

In 2021 and 2022, as the market continued to focus increasingly on environmental, social, and governance (“ESG”) issues, government financial regulators across many independent agencies strongly indicated that increased enforcement relating to ESG is on the horizon, while private plaintiffs …

The Breakdown of the Public–Private Divide in Securities Law

By George S. Georgiev February 14, 2022 by renholding

Securities law in the United States has traditionally been designed around a set of lines – the “public–private divide” – which separate public companies, public capital, and public markets from private companies, private capital, and private markets. Until the early …

Mandatory Corporate Climate Disclosures: Now, but How?

By John Armour, Luca Enriques and Thom Wetzer January 10, 2022 by renholding

Climate change is one of today’s most salient policy challenges. Under the Paris Agreement, 195 governments agreed to limit temperature increases to well below 2, preferably 1.5, degrees centigrade relative to pre-industrial levels. Since the magnitude of global warming is …

Wachtell Lipton Discusses Important Supreme Court Business Cases Last Term and Next

By John F. Savarese, Kevin S. Schwartz, Sarah K. Eddy, Noah B. Yavitz and Adam L. Goodman July 15, 2021 by renholding

The Supreme Court’s now-concluded October Term 2020 marked a slow return to normalcy following the disruption of the Covid-19 pandemic.  The Court released only 56 signed opinions — just a handful more than the prior Term, and well below the …

Jones Day Discusses Shareholder Lawsuits Concerning Diversity

By Nina Yadava, John C. Tang, Robert M. Tiefenbrun and Glenn R. McGillivray October 5, 2020 by Nisha Chandra

The Situation: A number of shareholder derivative lawsuits in federal court have been filed seeking to hold directors and officers of major companies accountable for alleged failures to uphold their commitment to diversity. To date, the lawsuits have been filed …

Asking the Hard Questions: A Review of Prof. John Coffee’s New Book, Corporate Crime and Punishment

By Stephen J. Crimmins September 9, 2020 by renholding

Columbia Law Professor John C. Coffee, Jr.’s Corporate Crime and Punishment delivers a hard-hitting and provocative analysis of the securities law enforcement landscape and the choices that lie ahead.  With SEC senior staff changes probable in any new administration, Coffee’s …

Insider Trading and Executive Overreach

By Kevin R. Douglas March 22, 2019 by renholding

The recent controversy over President Donald Trump’s use of his emergency authority to fund a wall on the U.S. southern border has awakened many Americans to the problem of executive overreach. Yet, what few may appreciate is that executive overreach …

1 Comment  

What Is the Domain of Corporate Law?

By Christopher M. Bruner January 14, 2019 by renholding

Judges, legislators, corporate practitioners, and scholars of business law all conduct their work, within their respective professional spheres, based on some working conception of what “corporate law” is.  Strangely, however, the question of what this conceptual vessel actually contains is …

The Impact of IPOs on Peer-to-Peer Lending Platforms

By Maxime Cohen and Kevin Jiao January 10, 2019 by renholding

In a new paper, we investigate how initial public offerings affect peer-to-peer lending platforms and, more specifically, whether the platforms tend to alter their operational decisions in anticipation of going public.

Peer-to-peer lenders are essentially online services that match anonymous …

Making a Market for Corporate Disclosure

By Kevin S. Haeberle and M. Todd Henderson May 23, 2018 by renholding

Public-company information has great social value. However, it is widely thought that left to their own devices, firms will under-disclose information about their condition and prospects. This thinking is embodied in the mandatory-disclosure regime that sits at the foundation of …

Protecting LLC Owners While Preserving LLC Flexibility

By Peter Molk February 26, 2018 by renholding

Limited liability companies, or LLCs, have emerged as the entity of choice for new businesses.  The form attracts many everyday owners and entrepreneurs as an easy way to combine corporation-style limited liability protection with partnership-style tax treatment. LLCs also offer …

1 Comment  

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Live Nation Empire Risks a Breakup
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SEC Staff Streamlines Form S-8, Rule 701, and Section 16 Guidance
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AI-Related Securities Suit Filings Surge
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CVC Explores Bid for Verisure
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U.S. to Tap Heating Oil Reserves
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Last Boeing 737 MAX Jet Gets OK
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SEC Delivers Equity Pay Relief
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SpaceX, Tesla Boards Mull Merger
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FCA Settlement Highlights Developing Anti-DEI Enforcement Trends
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SEC May Expand “Accredited Investor”
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Bloomberg
Nscale and Anthropic in Talks Over $45bn Cloud Computing Deal
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Financial Times
Freshfields Apologizes for Comment on Mideast Sovereign Wealth
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Securities Suit Hits BofA Over Anti-Money Laundering Penalties
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Chancery Declines to Award Remedy for Failure to Maintain Stock Ledger
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DOJ Revises FCA Enforcement Rules
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Nasdaq Adopts $4.00 Minimum Price Requirement for Initial Listings
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Judge Rejects Gemini, CFTC Bid to Undo $5 Million Settlement
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Anthropic Says Revenue Rose 45%
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DOJ Revamps Fraud Enforcement Rules
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Big Corporate Bankruptcies Down
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Chancery Declines to Dismiss Aiding, Abetting Claims in Cram-Down Financing
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Delaware Supremes Affirms Chancery on “Participant” in Proxy Solicitation
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Wall Street Banks See Deals Slow
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Fed’s Williams: No Rate Hike Needed
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Securities Litigation & Enforcement
Delaware Chancery Warns Advance Notice Bylaws Need to Be Clear
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Financial Times
FTC Says Skreli Breached Industry Ban
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App Bumble Nears $1bn Sale to Ithaca
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Financial Times
France, Germany Near Car Policy Deal
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Delaware Corporate & Commercial Litigation Blog
Chancery Nixes Advancement Defense
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Deal Lawyers.com
SEC Section 21(a) Report Questions Climate Coalition Activity
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Corporate & Securities Law Blog
Nasdaq Files Proposed Rule Change for Market Value Listing Requirement
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Trump Backs Dodgy Credit Card Bill
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Reuters
Nuvacore Funding Implies $2.5bn Value
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SEC Guides on Firm Voting Programs
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DOJ Probes Networks’ Trump Coverage
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Delaware Chancery Rules Accountants Confined to Accounting Decisions
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Sixth Circuit Says State Regulators Can Police Prediction Markets
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ISS’ Benchmark Policy Survey Results
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Starbucks Explored Chipotle Takeover
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Chancery Opines on Accounting Experts for M&A Price Adjustment
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Lawmakers Seek Accept-Election Vows
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AI Czar to Visit Silicon Valley AI Firms
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Financial Times
Law Firm Kirkland & Ellis Stops Disclosing Financial Performance
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D&O Diary
Datavault AI Hit with Market-Manipulation-Related Securities Suit
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Earnouts: Reminders of Ordinary Course Covenant Weren’t Interference
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Google, Constellation Energy Strike Sweeping Nuclear-Power Deal
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Dealbook
New Anthropic Challenger Emerges
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FTC Settles Price Discrimination Lawsuit Against Southern Glazer’s
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D&O Diary
Settlement Values of M&A Suits Drop
October 6, 2026
Deal Lawyers.com
Earnout Denied, Buyer Wins Damages
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Reuters
New Contracts Help Boeing Turn Page
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Wall Street Journal
Firms’ AI Outlay Impossible to Budget
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Bloomberg
Colleges Cut Tuition Bills by $20,000
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Financial Times
Reflection AI Boosts U.S. Aim to Compete With Chinese “Open” Models
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D&O Diary
Ryde Hit With New Market Manipulation-Related Securities Lawsuit
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Dealbook
Investors Bet on Brain-Computer Link
October 4, 2026
Financial Times
Wall Street’s IPO Fervor Cools
October 4, 2026
Deal Lawyers.com
FTC Tweaks HSR Second-Request Rule
October 4, 2026
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Business Law Prof Blog
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