An article co-authored by Professor was included recently on the Corporate Practice Commentator’s list. Teachers of corporate and securities law voted on a pool of nearly 400 articles published last year.
Jackson, who served on the US Securities and Exchange Commission from 2017 until last February, co-wrote , published in the Cornell Law Review. The article employs what it terms “a new and more rigorous methodology” in measuring both informed trading—trading based on information that yields a more accurate valuation of a stock than its current price indicates—and the agency costs of hedge fund activism. Among the findings: the appointment to a corporate board of a director nominated by a hedge fund tends to correspond with an increase in informed trading in the corporation’s stock, especially when the director is a hedge fund employee. The article’s authors also develop a tool to help regulators identify suspicious trading patterns. One of Jackson’s co-authors is Professor John Coffee LLM ’76 of Columbia Law School; Associate Professor Joshua Mitts of Columbia Law School and Robert Bishop, a doctoral student at Yale School of Management, also co-wrote the article.
Over the 25 years that the Corporate Practice Commentator has been compiling its list of best corporate and securities articles, numerous Law faculty members have been recognized, including George T. Lowy Professor of Law , Martin Lipton Professor of Law , Murray and Kathleen Bring Professor of Law , Norma Z. Paige Professor of Law ’86, Professor , Professor LLM ’10, Stuyvesant P. Comfort Professor of Law , and Professor .
Posted August 17, 2020