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Full-Text Articles in Law
Review: Voices Of American Law: Us Supreme Court Cases Meet The 21st Century, Lauren M. Collins
Review: Voices Of American Law: Us Supreme Court Cases Meet The 21st Century, Lauren M. Collins
Law Faculty Articles and Essays
Review of documentary series Voices of American Law (Thomas B. Metzloff & Sarah Wood, producers)
Justice Lewis F. Powell, Jr. And The Counterrevolution In The Federal Securities Laws, Adam C. Pritchard
Justice Lewis F. Powell, Jr. And The Counterrevolution In The Federal Securities Laws, Adam C. Pritchard
Articles
The confirmation of Lewis F. Powell, Jr., to the Supreme Court coincided with a dramatic shift in the Court's approach to securities law. This Article documents Powell's influence in changing the Court's direction in securities law. Powell's influence was the product of his extensive experience with the securities laws as a corporate lawyer, which gave him much greater familiarity with that body of law than his fellow Justices had. That experience also made him skeptical of civil liability, particularly class and derivative actions. Powell's skepticism led him to interpret the securities law in a consistently narrow fashion to reduce liability …