Pistor Addendum to Spamann Corporations

Corporations Spring 2020

Katharina Pistor (Columbia Law School)

This addendum contains materials that are meant to complement Spamann's Corporation text book and has been compiled for my Coporations class at Columbiaf for the Spring term 2020.

The addendum follows the outline of that text book, adding cases, other materials, and additional topics.

Note that the heading numbering does not align with the textbook, but the headings do. Consult the syllabus to see when to insert these additional readings.

4 Securities Trading 4 Securities Trading

4.1 Market Efficiency 4.1 Market Efficiency

Basic Inc. and Halliburton address the legal implications of a fiancial theory, the hypothesis that financial markets are efficient. Try to distill from these cases, how the court understood this theory and what weight they gave a theory outside law. In addition, take a look at the reading by Gilson and Kraakman, who explain law's own contribution to the efficienty of markets. You can skim the reading, but try to distill the core message

4.2. Halliburton Co. v. Erica P. John Fund, Inc.

Halliburton Co. v. Erica P. John Fund, Inc.

4.3 Untitled 4.3 Untitled

4.4. Ron Gilson & Reinier Kraakman, The Mechanisms of Market Efficiency (1984)

Ron Gilson & Reinier Kraakman, The Mechanisms of Market Efficiency (1984)