When

Wednesday, September 25, 2019
12:00 pm to 1:15 pm

Where

7200 - Lubar Commons

Event Description

Companies with a dual-class structure have increasingly been involved in high-profile battles over the reallocation of control rights. Google, for instance, sought to entrench its founders’ control over the corporation by recapitalizing from a dual-class into a triple-class structure. The CBS board, in contrast, attempted to dilute its controlling shareholder by distributing a voting-stock-dividend that would empower minority shareholders to block a merger it perceived to be harmful. These cases raise a fundamental question at the heart of corporate law: What is the proper judicial response to self-dealing claims regarding reallocations of corporate control rights?

Professor Zohar Goshen, Columbia Law School, presents this talk as part of the Law School's Ideas & Innovations speakers series. Sponsored by the Institute for Legal Studies.