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Pritchard, Adam C.

Frances and George Skestos Professor of Law

1039 Legal Research

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 & 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 currently serves on the Nasdaq Listing Qualifications Panel.

Recent Publications

More Publications...

Halliburton II: A Loser's History. U of Michigan Law & Economics Research Paper No. 15-007. Working Paper.
Full Text: SSRN

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. 9, no. 1 (2014): 43-90.
Full Text: MLaw Repository | SSRN | HEIN (UMich users) | HEIN | Westlaw | Lexis

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

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.)
Full Text: MLaw Repository | HEIN (UMich users) | HEIN

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


Participated in the annual meeting of the American Law & Economics Association, May 2015. ​

Participated in the Strategy & Risk Forum, National Association of Corporate Directors, San Diego, May 2015. ​

Presented "The Status of the Fraud on the Market Theory and Securities Class Action Post-Halliburton II," New York University School of Law, February 2015. ​

Presented "Halliburton v. Erica P. John Fund," Duke Journal of Constitutional Law & Public Policy Symposium, Duke University School of Law, February 2015.

Presented "Public and Private Enforcement of Corporate and Securities Law—China and the World," The Chinese University of Hong Kong, December 2014. ​

Presented "Halliburton 2—The Earthquake that Didn't Happen and the Future of Securities Litigation," fall meeting of the American Bar Association's Business Law Section, November 2014. ​

Participated in the Second Annual Workshop for Corporate and Securities Litigation, University of Richmond Law School, October 2014. ​

Presented "The New Landscape of Securities Fraud Class Actions," Institute for Law and Economic Policy & Institute for Investor Protection, Loyola University Chicago School of Law, October 2014.

Participated in the McCarthy Tetrault Speakers Series, Western University Law School, October 2014.

Participated in the George A. Leet Business Law Symposium, Securities Disclosure: Theory and Practice, The Center for Business Law and Regulation, Case Western Reserve School of Law, October 2014.​

Co-organizer and presenter, "The NEXT" Global Conference: The Ascent of ​Global Alternative Investment, Seoul, South Korea, September 2014.

Participated in the roundtable, "Halliburton v. Erica P. John Fund, National Business Law Scholars Conference, Loyola Law School, Los Angeles, June 2014.

Presented "The Effective General Counsel in the Boardroom," National Association of Corporate Directors, New York, May 2014. ​

Presented "Erica P. John Fund & Beyond: The Past, Present, and Future of Securities Class Actions," U.S. Chamber of Commerce, February 2014.

Presented "Corporate Law in Asia: Trends and Opportunities" to the Asia Law Society, University of Michigan Law School, February 2014.​

Participated in the Center for Law, Business, and Economics Colloquium, University of Texas School of Law, February 2014. ​

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