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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 of Securities Regulation: Cases and Analysis and Securities Regulation: The Essentials (both with Stephen J. Choi). His research focuses on securities class actions, securities arbitration, and the history of securities law in the U.S. Supreme Court. His articles have appeared in Business Lawyer, the Journal of Empirical Legal Studies, the Journal of Finance, the Journal of Law, Economics, and Organizations, and various law reviews. Prof. 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 Judge 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, Prof. 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. Prof. 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 Securities and Exchange Commission and a visiting fellow in capital market studies at the Cato Institute. He currently serves as a member of the FINRA National Adjudicatory Council and the Nasdaq Listing Qualifications Panel.


Recent Publications

More Publications...


Co-author. "The Influence of Arbitrator Background and Representation on Arbitration Outcomes." S. J. Choi and J. E. Fisch, co-authors. Va. L. & Bus. Rev. (Forthcoming, 2014).​
Full Text: SSRN

​Co-author. Carrot or Stick? The Shift from Voluntary to Mandatory Disclosure of Risk Factors. K. K. Nelson, co-author. Univ. Of Michigan Law School, Law and Economics Research Paper Series, no. 14-013. Working Paper, 2014.​
Full Text: MLaw Repository | SSRN​ ​

Co-author. SEC Investigations and Securities Class Actions: An Empirical Comparison. S. J. Choi, co-author. Univ. of Michigan Law School, Law & Economics Research Paper Series, no 12-022. Working Paper, 2012.
Full Text: MLaw Repository | SSRN

Co-author. Do Delaware CEOs Get Fired? M. Jagannathan, co-author. Working Paper, 2008. (Last revised March 2013.) 
Full Text: SSRN

Co-author. "Scandal Enforcement at the SEC: The Arc of the Option Backdating Investigations." S. J. Choi and A. C. Wiechman, co-authors. Am. L. & Econ. Rev. 15, no. 2 (2013): 542-77.
Full Text: MLaw Repository | SSRN | Oxford Journals (UMich users) | Oxford Journals

"Revisiting 'Truth in Securities' Revisited: Abolishing IPOs and Harnessing Private Markets in the Public Good." Seattle U. L. Rev. 36, no. 2 (2013): 999-1026.
Full Text: MLaw Repository | HEIN (UMich users) | HEIN | SSRN | Westlaw

"Launching the Insider Trading Revolution: SEC v. Capital Gains Research Bureau." In Research Handbook on Insider Trading, edited by S. Bainbridge, 33-51. Research Handbooks in Corporate Law and Governance. Northampton, Mass.: Elgar, 2013.
Full Text: MLaw Repository | SSRN

Co-author. Securities Regulation: Cases and Analysis. 3rd ed. S. J. Choi, co-author. New York: Thomson Reuters/Foundation Press, 2012.

"Monitoring of Corporate Groups by Independent Directors." In Korean Business Law, edited by H-J Kim, 77-100. Elgar Korean law. Cheltenham, UK: Edward Elgar, 2012. (Originally published as "Monitoring of Corporate Groups by Independent Directors." J. Korean L. 9, no. 1 (2009): 1-25.)

"Facebook, the JOBS Act, and Abolishing IPOs." Regulation 35, no. 3 (2012): 12-7.
Full Text: MLaw Repository | SSRN | WWW

Co-author. "The Supreme Court's Impact on Securities Class Actions: An Empirical Assessment of Tellabs." S. J. Choi, co-author. J. L. Econ. & Org. (2011). (First published online: August 25, 2011).
Full Text: MLaw Repository | SSRN | Oxford (UMich users) | Oxford

Co-author. "The Price of Pay to Play in Securities Class Actions." S. J. Choi and D. T. Johnson-Skinner, co-authors. J. Empirical Legal Stud. 8, no. 4 (2011): 650-81.
Full Text: MLaw Repository | SSRN | Wiley (UMich users) | Wiley

"Securities Law in the Roberts Court: Agenda or Indifference?" J. Corp. L. 37, no. 1 (2011): 105-45.
Full Text: MLaw Repository | SSRN | HEIN (UMich users) | HEIN | Westlaw

Co-author. "Securities Class Actions Move North: A Doctrinal and Empirical Analysis of Securities Class Actions in Canada." J. P. Sarra, co-author. Alb. L. Rev. 47, no. 4 (2010): 881-926.
Full Text: MLaw Repository | SSRN | HEIN (UMich users) | HEIN

"Populist Retribution and International Competition in Financial Services Regulation." Creighton L. Rev. 43, no. 2 (2010): 335-55.
Full Text: MLaw Repository | SSRN | HEIN (UMich users) | HEIN | Westlaw

Co-author. "Attorneys as Arbitrators." S. J. Choi and J. E. Fisch, co-authors. J. Legal Stud. 39, no. 1 (2010): 109-57.
Full Text: MLaw Repository | SSRN | Westlaw

Co-author. "The Screening Effect of the Private Securities Litigation Reform Act." S. J. Choi and K. K. Nelson, co-authors. J. Empirical Legal Stud. 6, no. 1 (2009): 35-68.
Full Text: MLaw Repository | SSRN | Wiley (UMich users) | Wiley

Co-author. "Securities Law and the New Deal Justices." R. B. Thompson, co-author. Va. L. Rev. 95, no. 4 (2009): 841-926.
Full Text: SSRN | HEIN (UMich users) | HEIN | Westlaw | WWW

"London as Delaware?" U. Cin. L. Rev. 78, no. 2 (2009): 473-500.
Full Text: MLaw Repository | SSRN | HEIN (UMich users) | HEIN | Westlaw

"London as Delaware?" Regulation 32, no. 3 (2009): 22-8.
Full Text: MLaw Repository | HEIN (UMich users) | HEIN
Professor

Activities

Presented "Revisiting 'Truth in Securities Revisited': Abolishing IPOs and Harnessing Private Markets in the Public Good" at the Berle IV Conference, University College, London, June 2012.

Presented "Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations" at the American Law and Economics Association's Annual Meeting, May 2012.

Discussed secondary liability for securities fraud at the American Bar Association Section of Litigation Annual Conference, Washington, D.C., April 2012.

Commentator, Second Annual Junior Faculty Business and Financial Law Workshop, George Washington University Law School, February 2012.

Commentator, "Corporate Roundtable: Issues in Securities Regulation," Institute for Law and Economics, University of Pennsylvania, December 2011.

Presented "Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations" at the Conference on Empirical Legal Studies, Society for Empirical Legal Studies, Northwestern University Law School, November 2011.

Presented "Financial Regulation, Anxiety, and Abusive Relationships" at the "The NEXT" Global Conference: A New Era of Business and Finance in East Asia, Korea Investment Bankers Forum, Seoul, October 2011.

Presented "Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations" at the Law and Business Seminar, Vanderbilt University School of Law, September 2011.

Presented "The SEC and the Supreme Court," SEC Historical Society, June 2011.

Presented "Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations," Bert W. Wasserman Workshop in Law and Finance, Yale Law School Center for the Study of Corporate Law, April 2011.

Talked about Dodd-Frank to the Federalist Society, Washington University Law School, St. Louis, March 2011.

Presented "Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations to the Global and Comparative Corporate Governance," O.P. Jindal Global Law School, India, March 2011.

Presented "Does Delaware Entrench Management?", Sixth Annual NYU/Penn Conference on Law and Finance, New York University, February 2011.

 
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