This course considers the formation and operation of corporations and compares corporations to other business forms. It examines the roles and duties of those who control businesses and the power of investors to influence and litigate against those in control. The course also addresses the special problems of closely held corporations and issues arising out of mergers and attempts to acquire firms. The course uses both new tools derived from the corporate finance and related literature and traditional tools to explore a wide range of phenomena and transactions associated with the modern business enterprise.

This course is a semester-long independent research project resulting in a substantial research paper supervised and graded by a selected law school faculty member.