Bainbridge's Securities Law: Insider Trading (Turning Point Series) [Paperback]

Stephen M. Bainbridge (Author)

Book Description

ISBN-10: 1566627370 | ISBN-13: 978-1566627375 | Publication Date: January 1999

Selected insider trading cases have been compiled in this Turning Points series casebook as a way of illustrating the development of securities/insider trading law. Text and explanations accompany each case.

Editorial Reviews

From the Author

Insider trading is one of the most common violations of the federal securities laws. It is certainly the violation that has mostly clearly captured the public's imagination. What other corporate or securities law doctrine provided the plot line of a major motion picture, as insider trading did in Oliver Stone's Wall Street (1987)?

The term insider trading actually is something of a misnomer. It conjures up images of corporate directors or officers using secret information to buy stock from (or sell it to) unsuspecting investors. To be sure, the modern federal insider trading prohibition proscribes a corporation's officers and directors from trading on the basis of material nonpublic information about their firm, but it also casts a far broader net. My book describes that net in detail, explaining how insider trading law captures a wide range of conduct.

From a policy perspective, insider trading remains one of the most controversial aspects of securities law. Courts and regulators typically justify the prohibition on fairness or other equity grounds. Is insider trading clearly unfair, however? Many leading corporate law scholars contend that the legality of insider trading should turn not on fairness considerations, but rather on issues of economic efficiency. Some of these commentators believe that the prohibition cannot be justified on efficiency grounds, while others have offered various economic justifications for the prohibition. Although virtually no one seriously believes that the federal insider trading prohibition is likely to be repealed any time soon, the academic policy debate nevertheless rewards study. Understanding the policy issues at stake can help inform the way in which unresolved aspects of the prohibition are settled.

About the Author

Harvard Law School

Product Details

• Paperback: 208 pages
• Publisher: West Publishing Company (January 1999)
• Language: English
• ISBN-10: 1566627370
• ISBN-13: 978-1566627375
• Product Dimensions: 7.3 x 4.9 x 0.6 inches
• Shipping Weight: 8.5 ounces
• Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #2,573,838 in Books (See Top 100 in Books)

More About the Author

Stephen Bainbridge is the William D. Warren Distinguished Professor of Law at UCLA, where he currently teaches Business Associations, Advanced Corporation Law and a seminar on corporate governance. In past years, he has also taught Corporate Finance, Securities Regulation, Mergers and Acquisitions, and Unincorporated Business Associations. Professor Bainbridge previously taught at the University of Illinois Law School (1988-1996). He has also taught at Harvard Law School as the Joseph Flom Visiting Professor of Law and Business (2000-2001), La Trobe University in Melbourne (2005 and 2007) and at Aoyama Gakuin University in Tokyo (1999).

In 2008, Bainbridge received the UCLA School of Law's Rutter Award for Excellence in Teaching. In 1990, the graduating class of the University of Illinois College of Law voted him "Professor of the Year."

Professor Bainbridge is a prolific scholar, whose work covers a variety of subjects, but with a strong emphasis on the law and economics of public corporations. He has written over 75 law review articles, which have appeared in such leading journals as the Harvard Law Review, the Virginia Law Review, the Northwestern University Law Review, the Cornell Law Review, the Stanford Law Review and the Vanderbilt Law Review. Bainbridge's most recent books include: The New Corporate Governance in Theory and Practice (2008); Securities Law-Insider Trading (2nd ed. 2007); Business Associations: Cases and Materials on Agency, Partnerships, and Corporations (6th ed. 2006) (with Klein and Ramseyer); Agency, Partnerships, and Limited Liability Entities: Cases and Materials on Unincorporated Business Associations (2nd ed. 2007) (with Klein and Ramseyer); Agency, Partnerships & LLCs (2004); Corporation Law and Economics (2002).

In 2008 and 2011, Professor Bainbridge was named by Directorship magazine to its list of the 100 most influential people in the field of corporate governance.

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

1.0 out of 5 stars Disappointment, May 30, 2007

By 

R. Mazorriaga Hayas "Archivarius L" (Palma de Mallorca, Spain) - See all my reviews
(REAL NAME)   

This review is from: Bainbridge's Securities Law: Insider Trading (Turning Point Series) (Paperback)

If I had know that the book was such a small book, a summary introduction to "insider trading", so superficial, I'd never spent the money or time.

Nothing new about insider trading. An interesting overview for those who would like a glance of what "insider trading" is. Not a book for those already familiar with "Texas Gulph Suphur" or the basics of insider trading.

Being the author a university professor and being the price so HIGH, I'd expected something different.
MY dissapointment might be due to plaintly false expectations. Maybe all "turning point series" are booklets like this one and all north-american readers know that already.

1 of 3 people found the following review helpful:

5.0 out of 5 stars A Great Read, July 18, 2000

By 

CSG Attorney (Sacramento, CA USA) - See all my reviews

This review is from: Bainbridge's Securities Law: Insider Trading (Turning Point Series) (Paperback)

I recommend this book to anyone who would like an informed yet entertaining examination of Insider Trading as it impacts corproate governance and our economy.