The Rise and Fall of Shareholder Rights in America

Hosted by LSE Law

Thai Theatre, New Academic Building,


Professor James Cox

Professor Tobias Tröger



Professor Carsten Gerner-Beuerle

James Cox discusses legal developments that occurred during the “Golden Age” of American corporate law when courts strengthened legal doctrines that protect and benefit shareholders.

Shareholder suits occur much more frequently in the U.S. than in Britain or for that matter Europe. The frequency of such suits masks the limited legal areas in which American shareholder pursue through litigation managers and controlling stockholders. Professor Cox will discuss several legal developments that occurred during what might be considered the “Golden Age” of American corporate law in which the courts created or strengthened various legal doctrines that protect and benefit shareholders. This trend is now being reversed. The reversal is observable in a series of recent important judicial decisions the causes for reversal remain somewhat speculative. However Professor Cox develops the thesis that business interests, most particularly the executives of publicly traded companies, have succeeded in pressuring courts to weaken shareholder rights so as to curb rising tide of activist shareholders as well as what can be seen as an epidemic of shareholder litigation.

James Cox is Brainerd Currie Professor of Law at Duke University School of Law and Visiting Professor at LSE Law.

Tobias Tröger is a professor at Goethe University Frankfurt.

Carsten Gerner-Beuerle is a professor at UCL.

LSE Law (@lselaw) is an integral part of the School's mission, plays a major role in policy debates & in the education of lawyers and law teachers from around the world.

Suggested hashtag for this event for Twitter users: #LSEJamesCox

Twitter and Facebook

You can get immediate notification on the availability of an event podcast by following LSE public lectures and events on Twitter, which will also inform you about the posting of transcripts and videos, the announcement of new events and other important event updates. Event updates and other information about what's happening at LSE can be found on the LSE's Facebook page.


If you are planning to attend this event and would like details on how to get here and what time to arrive, as well as on accessibility and special requirements, please refer to LSE Events FAQ.  LSE aims to ensure that people have equal access to these public events, but please contact the events organiser as far as possible in advance if you have any access requirements so that arrangements, where possible, can be made. If the event is ticketed, please ensure you get in touch in advance of the ticket release date. Access Guides to all our venues can be viewed online.

WIFI Access

LSE has now introduced wireless for guests and visitors in association with 'The Cloud', also in use at many other locations across the UK. If you are on campus visiting for the day or attending a conference or event, you can connect your device to wireless. See more information and create an account at Join the Cloud.
Visitors from other participating institutions are encouraged to use eduroam. If you are having trouble connecting to eduroam, please contact your home institution for assistance.
The Cloud is only intended for guest and visitor access to wifi. Existing LSE staff and students are encouraged to use eduroam instead.

From time to time there are changes to event details so we strongly recommend that if you plan to attend this event you check back on this listing on the day of the event.

Whilst we are hosting this listing, LSE Events does not take responsibility for the running and administration of this event. While we take responsible measures to ensure that accurate information is given here (for instance by checking that the room has been booked) this event is ultimately the responsibility of the organisation presenting the event.


LSE Events LSEpublicevents

NEW PODCAST! Is Britain being at a peak of inequality? Catch up on @dannydorling's #LSEinequality talk, chaired by……

1 hour ago

Reply Retweet Favorite

LSE Events LSEpublicevents

Catch up on last week's #LSEAdamSmith talk with @Jesse_Norman

9 hours ago

Reply Retweet Favorite

  Sign up for news about events