Cornell Law Review
Volume 104 Issue 2
Article
Note
The Puzzle of the Dignitary Torts
In recent years, there has been much greater legal attention paid to aspects of dignity that have previously been ignored or treated with actual hostility, especially in constitutional law and public law generally. But private law also plays an important role. In particular, certain forms of tort liability are imposed in order to protect individual […]
Activist Directors And Agency Costs: What Happens When an Activist Director Goes on the Board?
We develop and apply a new and more rigorous methodology by which to measure and understand both informed trading and the agency costs of hedge fund activism. We use quantitative data to show a systematic relationship between the appointment of a hedge fund-nominated director to a corporate board and an increase in informed trading in […]