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Full-Text Articles in Law
Federal Elections Commission V. Massachusetts Citizens For Life, Inc., Lewis F. Powell Jr.
Federal Elections Commission V. Massachusetts Citizens For Life, Inc., Lewis F. Powell Jr.
Supreme Court Case Files
No abstract provided.
Cts Corp. V. Dynamics Corporation Of America, Lewis F. Powell Jr.
Cts Corp. V. Dynamics Corporation Of America, Lewis F. Powell Jr.
Supreme Court Case Files
No abstract provided.
Minnesota's Control Share Acquisition Statute And The Need For New Judicial Analysis Of State Takeover Legislation, Lyman P. Q. Johnson
Minnesota's Control Share Acquisition Statute And The Need For New Judicial Analysis Of State Takeover Legislation, Lyman P. Q. Johnson
Scholarly Articles
Conventional wisdom holds that corporate takeovers benefit both shareholders and society in general. In examining the constitutionality of state takeover statutes, numerous courts have uncritically adopted this view of takeovers. As a result, they have consistently invalidated state statutes as burdening interstate commerce, both by depriving shareholders of premiums and supposedly impeding an efficient reallocation of resources. This conventional wisdom has been challenged by recent empirical evidence on the adverse efficiency effects of many mergers. In light of this evidence indicating a divergence of investor and other interests in takeovers, Professor Lyman Johnson argues for revised judicial analysis of takeover …