Once a preserve of the American legal landscape, the class action device today transcends geographic boundaries. In the past decade, efforts have intensified to establish collective litigation instruments in diverse legal terrains outside the United States - including Europe - often with the...

The current economic and political situation requires corporations and their boards to have bold visions for future growth with long-term investments, to make proactive efforts to modulate the pressures for short-term stock price increases and to take advantage of the valuable insights gained in...

Bubbles are recurring and inexplicable phenomena. Periodically, the seemingly irrational conduct of investors results in speculative quot;maniaquot; evidenced by skyrocketing stock prices and exaggerated enthusiasm. Virtually all market participants become absorbed in this mania, encouraging...

In the fifteen years since Unocal Corp. v. Mesa Petroleum Co., the Delaware courts have developed a comprehensive legal framework for corporate control contests that has led to predictability in corporate governance and furthered the fundamental values of corporation law. Academic criticism of...

Vice Chancellor Strine's contribution to the corporate governance debate is a welcome reminder that the fundamental and final goal of corporation law is social prosperity, broadly conceived. Wealth creation, job creation, and a long-term investment perspective need to be brought back to the...