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Pritchard, Adam C.

Frances and George Skestos Professor of Law

1039 Legal Research
734.647.4048
E-mail acplaw@umich.edu

Adam C. Pritchard, the Frances and George Skestos Professor of Law, teaches corporate and securities law. He is the author, with Stephen J. Choi, of Securities Regulation: Cases and Analysis, currently in its fourth edition. His research focuses on securities class actions, Securities and Exchange Commission (SEC) enforcement, and the history of securities law in the U.S. Supreme Court. His articles have appeared in the American Law and Economics Review, the Journal of Empirical Legal Studies, the Journal of Finance, the Journal of Law, Economics, and Organizations, and various law reviews. Professor Pritchard holds BA and JD degrees from the University of Virginia, as well as an MPP from the Harris School of Public Policy at the University of Chicago. While at Virginia, he was an Olin Fellow in Law and Economics and served as articles development editor of the Virginia Law Review. After graduation, he clerked for the Hon. J. Harvie Wilkinson III of the U.S. Court of Appeals for the Fourth Circuit and served as a Bristow Fellow in the Office of the Solicitor General at the U.S. Department of Justice. After working in private practice, Professor Pritchard served as senior counsel in the Office of the General Counsel of the SEC, where he wrote appellate briefs and studied the effect of recent reforms in the areas of securities fraud litigation. He received the SEC's Law and Policy Award for his work in United States v. O'Hagan, in which the U.S. Supreme Court upheld the misappropriation theory of insider trading. Professor Pritchard has been a visiting professor at the Northwestern University School of Law, the Georgetown University Law Center, and the University of Iowa School of Law. He also has been a visiting scholar at the SEC and a visiting fellow in capital market studies at the Cato Institute. He was previously a member of the FINRA National Adjudicatory Council and the Nasdaq Listing Qualifications Panel.

Recent Publications

More Publications...


Texas Gulf Sulphur and the Genesis of Corporate Liability Under Rule 10b-5. Robert B. Thompson, co-author. University of Michigan Law & Economics Research Paper No. 18-008. Working Paper.
Full Text: MLaw Repository | SSRN

Should I Stay or Should I Go? Gender Gap for SEC Attorneys. Stephen J. Choi and G. Mitu Gulati, co-authors. University of Michigan Law & Economics Research Paper No. 16-036; NYU Law & Economics Research Paper No. 17-07. Working Paper.
Full Text: MLaw Repository | SSRN

Enumeration and Continuity. U of Michigan Public Law & Legal Theory Research Paper No. 416. Working Paper.
Full Text: SSRN

"Securities Law in the Sixties: The Supreme Court, the Second Circuit, and the Triumph of Purpose Over Text." Robert B. Thompson, co-author. Notre Dame L. Rev. (Forthcoming).
Full Text: MLaw Repository | SSRN

"Lead Plaintiffs and Their Lawyers: Mission Accomplished, or More to Be Done?" S. J. Choi, co-author. In Research Handbook on Shareholder Litigation, by co-editors; edited by J Erickson, S. Griffith, V. Winship, and D. Webber. Cheltenham, U.K.: Elgar, Forthcoming.
Full Text: MLaw Repository | SSRN

"Securities Law and its Enforcers." Stephen J. Choi, co-author. In Research Handbook on Corporate Crime and Financial Misdealing, edited by Jennifer Arlen, 219-36. Research Handbooks in Corporate Law and Governance Series. Cheltenham, U.K.: Edward Elgar Publishing Ltd., 2018.

"Insider Trading Law and the Ambiguous Quest for Edge." Review of Black Edge, by Sheelah Kolhatkar. Mich. L. Rev. 116, no. 6 (2018): 945-57.
Full Text: MLaw Repository | HEIN (UMich users) | HEIN | Lexis | Westlaw

"Corporate Governance, Capital Markets, and Securities Law." In The Oxford Handbook of Corporate Law and Governance, edited by J. N. Gordon and W-G. Ringe, 1063-83. Oxford Handbooks. Oxford: Oxford University Press, 2018.
Full Text: Oxford Handbooks (UMich users) | Oxford Handbooks

"Toward a Theory of Motion Practice and Settlement: Comment." J. Inst. & Theoretical Econ. 173, no. 1 (2017): 168-73.
Full Text: MLaw Repository | IngentaConnect (UMich users) | IngentaConnect

"The SEC's Shift to Administrative Proceedings: An Empirical Assessment." S. J. Choi, co-author. Yale J. on Reg. 34, no. 1 (2017): 1-32.
Full Text: MLaw Repository | HEIN (UMich users) | HEIN | Lexis | Westlaw | WWW

"Piling On? An Empirical Study of Parallel Derivative Suits." S. J. Choi and J. Erickson, co-authors. J. Empirical Legal Stud. 14, no. 4 (2017): 653-82.
Full Text: MLaw Repository | Lexis | Wiley (UMich users) | Wiley | SSRN

"Do Delaware CEOs Get Fired?" M. Jagannathan, co-author. J. Banking & Fin. 74 (2017): 85-101.
Full Text: ScienceDirect (UMich users) | ScienceDirect | SSRN

"The SEC, Administrative Usurpation, and Insider Trading." Stan. L. Rev. Online 69 (2016): 55-63.
Full Text: MLaw Repository | HEIN (UMich users) | HEIN | Westlaw | WWW

"SEC Investigations and Securities Class Actions: An Empirical Comparison." S. J. Choi, co-author. J. Empirical Legal Stud. 13, no. 1 (2016): 27-49.
Full Text: MLaw Repository | Lexis | Wiley (UMich users) | Wiley | SSRN

"Carrot or Stick? The Shift from Voluntary to Mandatory Disclosure of Risk Factors." K. K. Nelson, co-author. J. Empirical Legal Stud. 13, no. 2 (2016): 266-97.
Full Text: MLaw Repository | Lexis | Wiley (UMich users | Wiley | SSRN

Securities Regulation: Cases and Analysis. 4th ed. S. J. Choi, co-author. New York: Thomson Reuters/Foundation Press, 2015.

"Halliburton II: A Loser's History." Duke J. Constitutional L. & Pub. Pol'y 10, no. 2 (2015): 27-55.
Full Text: MLaw Repository | HEIN (UMich users) | HEIN | Lexis | Westlaw | SSRN

"Dirks and the Genesis of Personal Benefit." S.M.U. L. Rev. 68, no. 3 (2015): 857-67.
Full Text: MLaw Repository | HEIN (UMich users) | HEIN | Lexis | Westlaw | SSRN | WWW
Professor

Activities

Participant, National Business Law Scholars Conference, University of Georgia, June 2018.

Participant, Annual Meeting, American Law and Economics Association, May 2018.

Participant, Law, Identity, and Politics Workshop, Duke University School of Law, March 2018.

Participant, Law and Economics Workshop, University of Michigan Law School, January 2018.

Participant, Center on Finance, Law, and Policy Blue Bag Lunch, University of Michigan, November 2017.

Participant, Annual Securities Regulation Program, Los Angeles County Bar Association, October 2017.

Conference co-organizer and presenter, "A New Look at the Role of Institutional Investors in Corporate Governance," Korea Corporate Governance Service, Seoul, September 2017.

Presented "Enforcement of Securities Law Violations," Program on Ethics in Law and Business, University of Toronto, April 2017.

Presented "Breaking News, The Supreme Court's Decision in Salman v. U.S.: What Does it Mean for Private Practitioners?," American Bar Association Business Law Section Webinar, January 2017.