Adam C. Pritchard

Frances and George Skestos Professor of Law
Member of University of Michigan Law School Faculty 1998-

Forthcoming

• "Launching the Insider Trading Revolution: SEC v. Capital Gains Research Bureau." In Research Handbook on Insider Trading, edited by S. Bainbridge. Forthcoming.
  Full Text: SSRN
• "Behavioral Economics and the SEC." Corp. Prac. Commentator. Forthcoming. (Originally published under the same title in Stan. L. Rev. 56, no. 1 (2003): 1-73.)
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw

Books

• Co-author. Securities Regulation: Cases and Analysis. 3rd ed. S. J. Choi, co-author. New York: Thomson Reuters/Foundation Press, 2012.
  MLaw Catalog
• Co-author. Securities Regulation: The Essentials. S. Choi, co-author. New York: Aspen Publishers, 2008.
  MLaw Catalog
• Co-author. Securities Regulation: Cases and Analysis. 2nd ed. S. Choi, co-author. University Casebook Series. New York: Foundation Press, 2008.
  MLaw Catalog
• Co-author. Securities Regulation: Cases and Analysis. S. Choi, co-author. University Casebook Series. New York: Foundation Press, 2005.
  MLaw Catalog
• Co-author. Civil Forfeiture as a "Sin Tax". D. J. Boudreaux, co-author. Independent Policy Report. Oakland, Calif.: Independent Institute, 1996. (Work published when author not on Michigan Law faculty.)

Book Chapters

• "Securities and Exchange Commission v. Ralston Purina, 346 U.S. 119 (1953)." In Encyclopedia of the Supreme Court of the United States, edited by D.S.Tanenhaus, vol. 4 (P-S): 362-4. Detroit: Gale, 2008.
  MLaw Catalog
• "Ernst & Ernst v. Hochfelder, 425 U.S. 185 (1976)." In Encyclopedia of the Supreme Court of the United States, edited by D.S.Tanenhaus, vol. 2 (D-I): 133-5. Detroit: Gale, 2008.
  MLaw Catalog
• "Definition of a Security." In Encyclopedia of the Supreme Court of the United States, edited by D.S.Tanenhaus, vol. 2 (D-I): 15-9. Detroit: Gale, 2008.
  MLaw Catalog
• "Well-Known Seasoned Issuers in Canada." In Maintaining a Competitive Capital Market in Canada, 1-32. Canada Steps Up, vol. 5. Toronto: Task Force to Modernize Securities Legislation in Canada, 2006.
  Full Text: WWW
• "Self-Regulation and Trust in the Securities Markets." In Self-Regulation in the Korean Securities Market, 31-54. Seoul: Korean Securities Law Association, 2002. (Revised articles originally presented at the International Conference on Self-Regulatory Institutions in the Korean Securities Markets, organized by the Korean Securities Law Association and held at the Korea Stock Exchange, Dec. 7-8, 2001 in Seoul.)

Journal Articles

• 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: 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: SSRN | Lexis
• 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: SSRN | HEIN (UMich users) | HEIN | Lexis
• "Populist Retribution and International Competition in Financial Services Regulation." Creighton L. Rev. 43, no. 2 (2010): 335-55.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | 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: 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. 2 (2009): 35-68.
  Full Text: 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 | Lexis | Westlaw | WWW
• "Monitoring of Corporate Groups by Independent Directors." J. Korean L. 9, no. 1 (2009): 1-25.
  Full Text: HEIN (UMich users) | HEIN
• "London as Delaware?" U. Cin. L. Rev. 78, no. 2 (2009): 473-500.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw
• "Stoneridge Investment Partners v. Scientific-Atlanta: The Political Economy of Securities Class Action Reform." Cato Sup. Ct. Rev. 2007-2008 (2008): 217-55.
  Full Text: SSRN | Lexis | Westlaw | WWW
• Co-author. "Do the Merits Matter More? The Impact of the Private Securities Litigation Reform Act." M. F. Johnson and K. K. Nelson, co-authors. J. L. Econ. & Org. 23, no. 3 (2007): 627-52.
  Full Text: SSRN | Westlaw | WWW
• "The Irrational Auditor and Irrational Liability." Lewis & Clark L. Rev. 10, no. 1 (2006): 19-55.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "What Counts as Fraud? An Empirical Study of Motions to Dismiss Under the Private Securities Litigation Reform Act." H. A. Sale, co-author. J. Empirical Legal Stud. 2, no. 1 (2005): 125-49.
  Full Text: SSRN | Wiley (UMich users) | Wiley
• "The SEC at 70: Time for Retirement?" Notre Dame L. Rev. 80, no. 3 (2005): 1073-102.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "Do Institutions Matter? The Impact of the Lead Plaintiff Provision of the Private Securities Litigation Reform Act." S. J. Choi and J. E. Fisch, co-authors. Wash. U. L. Q. 83, no. 4 (2005): 869-905.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw
• "Tender Offers by Controlling Shareholders: The Specter of Coercion and Fair Price." Berkeley Bus. L. J. 1, no. 1 (2004): 83-111.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "Should Issuers be on the Hook for Laddering? An Empirical Analysis of the IPO Market Manipulation Litigation." S. J. Choi, co-author. U. Cin. L. Rev. 73, no. 1 (2004): 179-206.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments." S. P. Ferris and M. Jagannathan, co-authors. J. Finance 58, no. 3 (2003): 1087-111.
  Full Text: SSRN | Wiley (UMich users) | Wiley
• "Should Congress Repeal Securities Class Action Reform?" Cato Pol'y Analysis no. 471 (2003): 1-17.
  Full Text: SSRN | WWW
• "Self-Regulation and Securities Markets." Regulation 26, no. 1 (2003): 32-9.
  Full Text: SSRN | WWW
• "Justice Lewis F. Powell, Jr. and the Counterrevolution in the Federal Securities Laws." Duke L. J. 52, no. 5 (2003): 841-949.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw | WWW
• Co-author. "Behavioral Economics and the SEC." S. J. Choi, co-author. Stan. L. Rev. 56, no. 1 (2003): 1-73.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw 
• "Who Cares?" Wash. U. L. Q. 80, no. 3 (2002): 883-8.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "Statutes with Multiple Personality Disorders: The Value of Ambiguity in Statutory Design and Interpretation." J. A. Grundfest, co-author. Stan. L. Rev. 54, no. 4 (2002): 627-736.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw 
• Co-author. "In re Silicon Graphics Inc.: Shareholder Wealth Effects Resulting from the Interpretation of the Private Securities Litigation Reform Act's Pleading Standard." M. F. Johnson and K. K. Nelson, co-authors. S. Cal. L. Rev. 73, no. 4 (2000): 773-810.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw | WWW
• "Constitutional Federalism, Individual Liberty, and the Securities Litigation Uniform Standards Act of 1998." Wash. U. L. Q. 78, no. 2 (2000): 435-96.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw | WWW
• "Markets as Monitors: A Proposal to Replace Class Actions with Exchanges as Securities Fraud Enforcers." Va. L. Rev. 85, no. 6 (1999): 925-1020.
  Full Text: SSRN | HEIN (UMich users) | HEIN | Lexis | Westlaw 
• Co-author. "Finding the Constitution: An Economic Analysis of Tradition's Role in Constitutional Interpretation." T. J. Zywicki, co-author. N. C. L. Rev. 77, no. 2 (1999): 409-521.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "Constitutions and Spontaneous Orders: A Response to Professor McGinnis." T. J. Zywicki, co-author. N. C. L. Rev. 77, no. 2 (1999): 537-50.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• "United States v. O'Hagan: Agency Law and Justice Powell's Legacy for the Law of Insider Trading." B. U. L. Rev. 78, no. 1 (1998): 13-58.
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "The Securities Litigation Uniform Standards Act of 1998: The Sun Sets on California's Blue Sky Laws." D. M. Levine, co-author. Bus. Law. 54, no. 1 (1998): 1-54.
  Full Text: HEIN (UMich users) | HEIN | Westlaw
• Co-author. "The New Securities Class Action: Federal Obstacles, State Detours." R. H. Walker and D. M. Levine, co-authors. Ariz. L. Rev. 39, no. 2 (1997): 641-85. (Work published when author not on Michigan Law faculty.)
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• "Auctioning Justice: Legal and Market Mechanisms for Allocating Criminal Appellate Counsel." Am. Crim. L. Rev. 34, no. 3 (1997): 1161-91. (Work published when author not on Michigan Law faculty)
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• Co-author. "Innoncence Lost: Bennis V. Michigan and the Forfeiture Tradition." D. J. Boudreaux, co-author. Mo. L. Rev. 61, no. 3 (1996): 593-632. (Work published when author not on Michigan Law faculty)
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• "O'Melveny Meyers v. FDIC: Imputation of Fraud and Optimal Monitoring." Sup. Ct. Econ. Rev. 4 (1995): 179-200. (Work published when author not on Michigan Law faculty)
  Full Text: HEIN (UMich users) | HEIN | Westlaw
• Co-author. "The Price of Prohibition." D. J. Boudreaux, co-author. Ariz. L. Rev. 36, no. 1 (1994): 1-10. (Work published when author not on Michigan Law faculty.)
  Full Text: HEIN (UMich users) | HEIN | Lexis | Westlaw
• Co-author. "Rewriting the Consitution: An Economic Analysis of the Consitutional Amendment Process." D. J. Boudreaux, co-author. Fordham L. Rev. 62, no. 1 (1993): 111-62. (Work published when author not on Michigan Law faculty)
  Full Text: HEIN (UMich users) | HEIN | Westlaw
• "Government Promises and Due Process: An Economic Analysis of the 'New Property'." Va. L. Rev. 77, no. 5 (1991): 1053-90. (Work published when author not on Michigan Law faculty)
  Full Text: HEIN (UMich users) | HEIN | Westlaw

Other Publications

• Co-author. The Regulation of Public Auditing in Canada and the United States: Self-Regulation or Government Regulation? P. Puri, co-author. Vancouver, B.C.: Fraser Institute, 2006.

Reprints (Articles and other publciations reprinted in full and Law Quadrangle)

• "The SEC at 70: Time for Retirement?" Law Quad. Notes 48, no. 1 (2005): 54-65. (This article is based on a talk delivered at Notre Dame Law School at a conference marking the 70th anniversary of the establishment of the SEC. The complete article is published under the same title at Notre Dame L. Rev. 80, no. 3 (2005): 1073-102.).
• "Markets as Monitors: A Proposal to Replace Class Actions with Exchanges as Securities Fraud Enforcers." Securities L. Rev. 33 (2001): 255-350. (Originally published under the same title in Va. L. Rev. 85, no. 6 (1999): 925-1020.)
  Full Text: SSRN
• Co-author. "In re Silicon Graphics Inc.: Shareholder Wealth Effects Resulting from the Interpretation of the Private Securities Litigation Reform Act's Pleading Standard." M. F. Johnson and K. K. Nelson, co-authors. Corp. Prac. Commentator 43, no. 3 (2001): 477-516. (Originally published under the same title in S. Cal. L. Rev. 73, no. 4 (2000): 773-810.)
  Full Text: SSRN
• "United States v. O'Hagan: Agency Law and Justice Powell's Legacy for the Law of Insider Trading." Corp. Prac. Commentator 40, no. 1 (1999): 307-54. (Originally published under the same title in B.U. L. Rev. 78, no. 1 (1998): 13-58.)
  MLaw Catalog
• "United States v. O'Hagan: Agency Law and Justice Powell's Legacy for the Law of Insider Trading." Securities L. Rev. 31 (1999): 325-70. (Originally published under the same title in B.U. L. Rev. 78, no. 1 (1998): 13-58.)
  MLaw Catalog
• Co-author. "Civil Forfeiture as a Tax." D. J. Boudreaux, co-author. In Taxing Choice: The Predatory Politics of Fiscal Discrimination, edited by William F. Shughart II, 347-67. Independent Studies in Political Economy. New Brunsick, N.J.: Transaction Publishers, 1997. (Work published when author not on Michigan Law faculty. Originally published as Civil Forfeiture as a "Sin Tax". D. J. Boudreaux, co-author. Independent Policy Report. Oakland, Calif.: Independent Institute, 1996.)
  UM Library Catalog

Works in Progress & Working Papers

• Co-author. Scandal Enforcement at the SEC: Salience and the Arc of the Option Backdating Investigations. S. J. Choi and A. C. Wiechman, co-authors. Univ. of Michigan Law & Economics, Empirical Legal Studies Center Working Paper Series, no. 11-009; NYU Law and Economics Research Paper, no. 11-20. Working Paper, 2011.
  Full Text: SSRN
• Co-author. The Supreme Court's Impact on Securities Class Actions: An Empirical Assessment of Tellabs. S. J. Choi, co-author. Univ. of Michigan Law School, The John M. Olin Center for Law & Economics Research Paper Series, no. 09-016. Working Paper, 2009. (Last revised January 2010.)
   Full Text: SSRN | BePress
• Co-author. Does Delaware Entrench Management? M. Jagannathan, co-author. Univ. of Michigan Law School, The John M. Olin Center for Law & Economics Working Paper Series, no. 08-024. Working Paper, 2008. (Last revised November 2009.)
  Full Text: SSRN | BePress
• Co-author. Litigation Risk and Voluntary Disclosure: The Use of Meaningful Cautionary Language. K. N. Nelson, co-author. 2nd Annual Conference on Empirical Legal Studies Working Paper. Working Paper, 2007. (Last revised January 2008.)
  Full Text: SSRN
• Co-author. Stock Price Reactions to Securities Fraud Class Actions Under the Private Securities Litigation Reform Act. S. P. Ferris, co-author. Univ. of Michigan Law School, The John M. Olin Center for Law & Economics Working Paper Series, no. 01-009. Working Paper, 2001.
  Full Text: SSRN