April 2, 2011 -- Professor Stephen Bainbridge is cited in a Wall Street Journal column on insider trading.
Mr. Sokol's trading falls under what Stephen Bainbridge, an expert on securities at the UCLA School of Law, calls "an enormously gray area of the law." It also is a reminder that a basic principle of securities law—disclosure cures conflicts—is nonsense.
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He also commented on the role of activist investors in an Oregonian article.
In theory, one vote for one share sounds like corporate democracy. But Stephen Bainbridge, a corporate law professor at the University of California at Los Angeles and prominent blogger on legal and financial issues, says it's more complicated than that.
"Think about a very large organization, like a nation-state," Bainbridge said. "We don't run the United States the way we run New England town meetings."
To read the entire article, click here.