Cincinnati, OH—Legal journal “The Corporate Practice Commentator” has chosen an article co-written by UC Law Professor Lynn Bai for its annual list of the 10 best corporate and securities articles in 2008. Her selected article, “There Are Plaintiffs and . . . There Are Plaintiffs: An Empirical Analysis of Securities Class Action Settlements,” was written with James D. Cox (Duke) and Randall S. Thomas (Vanderbilt).
The top 10 Corporate and Securities Articles of 2008 list is culled from 480 articles and reflects the choices of leading corporate law scholars. Teachers in corporate and securities law were asked to select the best corporate and securities articles from a list of articles published and indexed in legal journals during 2008.
Professor Bai’s article, “There Are Plaintiffs and . . . There Are Plaintiffs: An Empirical Analysis of Securities Class Action Settlements,” was published in the Vanderbilt Law Review in March 2008. The article examines the impact of different types of lead plaintiffs on the size of settlements in securities fraud class actions. It also provides indicia that explain why some suits settle for sums that are extremely small relative to provable losses suffered by the class. This evidence bears heavily on the debate of strike suits in securities class actions.
An Assistant Professor of Law at UC Law, Professor Bai holds a PhD in Finance from Duke University and a JD from The University of Texas at Austin. Professor Bai also has extensive working experience in the area of corporate law and finance, as a corporate lawyer and investment banker in New York and a financial market regulator in Hong Kong.