2007 Symposium – IPOs in the Internet Age: The Case for Updated Regulations
March 2, 2007 | 8 a.m. – 3 p.m. | Barrister Club
Do you think the IPO process should be updated to take advantage of the Internet? Do you have ideas as to how the paper-based rules can be amended to better reflect current technological capabilities?
The Ohio State Business Law Journal Symposium 2007 will feature expert panelists from the legal practice, business sector, and academia presenting their insights on the present-day IPO process and how it can be updated. Speakers will focus on both federal securities law and international law. The symposium will provide attorneys with an understanding of the IPO process and tools to create value as they navigate clients through the IPO process. CLE credit has been requested.
The Current Regulatory Constraints on Internet IPOs will focus on past and present regulations governing the IPO process. Panelists will discuss the extent to which Internet use is permissible under the current regulatory scheme and ways in which successful IPOs have used the Internet. Various influences on the IPO process such as the power of information and interest groups will also be discussed in detail and their impact on the process as a whole will be analyzed.
Commentary on the Current State of Affairs will be provided by Professor Donald C. Langevoort of Georgetown University Law Center. As an expert in the field of securities law and former Special Counsel of the U.S. Securities and Exchange Commission, Professor Langevoort will provide insights on the developing trends in the industry and what those developments mean to the practice of law.
The Keynote Address given by Professor Peter B. Oh of the University of Pittsburgh School of Law will explore various regulations from the international setting that govern auction-based IPOs. He will provide analysis on how the international regulatory framework can be used to critique the current IPO process as it is in the United States.
The Case for Updated Regulations: Capitalizing on the Internet as a Resource will explore ways in which the Internet can be used to enhance the efficiency of the IPO process. Panelists will discuss alternatives, which involve greater use of the Internet in the IPO process. With the use of case studies, individual experience, and international examples, each expert panelist will provide his or her own perspective on the best way to involve the Internet in the IPO process.
The Ohio State Business Law Journal is privileged to host its second annual symposium. We at Ohio State hope that you will join us in Columbus, Ohio, to participate in this event. All symposium papers will be published in Volume 2, Issue 2, of the Ohio State Business Law Journal, scheduled for publication in the late fall of 2007.
Featured Keynote Speaker
Peter B. Oh
University of Pittsburgh School of Law
Peter B. Oh is an associate professor at the University of Pittsburgh School of Law, where he teaches Agency and Partnership, Business Organizations, Corporate Finance, and Law and Economics. He is a graduate of The University of Chicago Law School, where he served on the Chicago Law Review. Following graduation, he practiced law in New York. His scholarship focuses on the intersection between law and business, and utilizes diverse methods to analyze issues such as the role of gatekeepers, the tracing of securities, and the integrity of internet IPOs.
Marbury Research Professor of Law
University of Maryland School of Law
Richard Booth is the Marbury Research professor of law at the University of Maryland School of Law, where he teaches Business Associations, Corporate Finance, Mergers and Acquisitions, and Business Planning and Venture Capital. He is a graduate of the University of Michigan and Yale Law School. Prior to joining the University of Maryland faculty, Professor Booth practiced in New York with Donovan Leisure Newton & Irvine, primarily in the area of corporate and securities litigation. He also held visiting positions at Chicago-Kent, the University of Aberdeen (Scotland), and George Washington University. Professor Booth has published extensively in scholarly journals and for the popular press, as well as authoring Financing the Corporation (1993-2003), and (with Robert Hamilton) Business Basics for Law Students (3d ed. 2002), Fundamentals of Modern Business (1994-2004), Cases and Materials on Corporation Finance (3d ed. 2001), and Corporations (5th ed. 2005).
James A. Fanto
Professor of Law
Brooklyn Law School
James A. Fanto is a professor at Brooklyn Law School. He teaches courses on banking, corporate, and securities law; corporate finance; and comparative and international corporate law and governance. His extensive writings and lectures both in the United States and abroad focus on, among other topics, the law relating to corporate boards, comparative corporate governance, cross-cultural securities disclosure, investor education, merger decision making and differences in business law and enterprises between the United States and France. He is an editor of an electronic journal in the Social Science Research Network, Corporate and Financial Law: Interdisciplinary Approaches. Professor Fanto is an associate director of Brooklyn Law School’s Center for the Study of International Business Law, directs the Center’s International Economic Law Forums and has taught in the School’s summer programs in Beijing and Bologna. Before becoming a law professor, he practiced banking, corporate, and securities law with the firm of Davis Polk & Wardwell in Washington, Paris and New York. Professor Fanto received his B.A. from the University of Notre Dame, his M.A. and Ph.D. from the University of Michigan and his J.D. from the University of Pennsylvania. He was a law clerk to The Honorable Louis H. Pollak of the United States District Court for the Eastern District of Pennsylvania and to The Honorable Harry A. Blackmun of the United States Supreme Court.
University of Colorado Law School
Professor Fleischer joined the Colorado law faculty in 2006. He specializes in tax, venture capital, and the structuring of corporate transactions. Before joining the Colorado faculty, he was an acting professor of law (tenure-track) at UCLA, a visiting professor of law at Georgetown University, and a research fellow in Transactional Studies at Columbia Law School. Before entering academia, Professor Fleischer was an associate at Davis Polk & Wardwell in New York. He clerked for the Honorable M. Blane Michael, U.S. Court of Appeals for the Fourth Circuit, and the Honorable Alex Kozinski, U.S. Court of Appeals for the Ninth Circuit. Selected Publications include Brand New Deal: The Branding Effect of Corporate Deal Structures, 104 Mich. L. Rev. 1581 (2006), The Missing Preferred Return, 31 J. Corp. L. 77 (2005), and The Rational Exuberance of Structuring Venture Capital Start-Ups, 57 Tax L. Rev. 137 (2004).
Associate Professor; Richard W. and Marie L. Corman Scholar
University of Illinois at Urbana-Champaign College of Law
Professor Christine Hurt is the Richard W. and Marie L. Corman scholar and associate professor of Law at the College of Law at University of Illinois at Urbana-Champaign. Before joining the College, she was an assistant professor of Law at Marquette University Law School. Her primary teaching and research areas are business associations, corporate finance, mergers and acquisitions, torts, and business ethics. Professor Hurt was a visiting professor at the University of Illinois in 2005-2006. Prior to joining the Marquette faculty, she was the director of legal research and writing at the University of Houston Law Center. Her articles have appeared in Iowa Law Review, Ohio State Law Journal, Boston University Law Review, Indiana Law Journal, Washington University Law Review and Cardozo Law Review. Professor Hurt is currently a regular writer and contributor to Conglomerate, a popular weblog. Before entering law teaching, Professor Hurt practiced corporate law for a number of years in Houston at Baker Botts, and Skadden, Arps, Slate, Meagher & Flom. As a first-year student at the University of Texas School of Law, she co-founded the Texas Journal of Women and the Law.
Donald C. Langevoort
Thomas Aquinas Reynolds Professor of Law
Georgetown University Law Center
Donald C. Langevoort is the Thomas Aquinas Reynolds professor of law at Georgetown University Law Center, Washington, D.C. He joined the Georgetown faculty after 18 years at Vanderbilt University School of Law. He has also been a visiting professor at the University of Michigan, Harvard Law School, and the University of Sydney in Australia. Professor Langevoort graduated from the Harvard Law School, and practiced with Wilmer, Cutler & Pickering in Washington. In 1978, he joined the U.S. Securities and Exchange Commission as special counsel in the Office of the General Counsel. Professor Langevoort has written a treatise on insider trading, co-authored a casebook on securities regulation, and produced numerous law review articles on insider trading, the impact of technology on securities regulation, investor behavior and the intersection between cognitive psychology and lawyers’ professional responsibilities. He has served on the Legal Advisory Committee of the New York Stock Exchange, the Legal Advisory Board of the National Association of Securities Dealers, the SEC’s Advisory Committee on Market Information, and has testified numerous times before Congressional committees on matters relating to securities regulation and litigation. He is also a member of the American Law Institute.
Dale A. Oesterle
J. Gilbert Reese Chair in Contract Law
The Ohio State University Moritz College of Law
Dale A. Oesterle’s extensive expertise and teaching experience in corporate law, both in the U.S. and abroad, brought him to Ohio State as the first holder of the J. Gilbert Reese Chair in Contract Law. Before joining the faculty at Moritz, he was the Monfort professor and director of the Center for Entrepreneurial Law at the University of Colorado at Boulder and professor of law at Cornell Law School. Following graduation from the University of Michigan where he earned a B.A., M.P.P., and J.D., he clerked for the Honorable Robert R. Merhige, Jr., of the U.S. District Court for the Eastern District of Virginia. He practiced with Hunton and Williams in Richmond, Virginia for three years. Professor Oesterle has published The Law of Mergers and Acquisitions, as well as numerous book chapters, refereed articles, law journal articles, book reviews, editorials and monographs on Business Law. He also has a long-running association with the University of Auckland and the New Zealand bar, working with the legislature and practicing attorneys to develop New Zealand’s “companies” legislation.
Professor of Law
Salmon P. Chase College of Law of Northern Kentucky University
William Sjostrom is an associate professor at Chase College of Law, where he teaches Contracts, Corporations, Securities Regulation, Mergers and Acquisitions, Corporate Finance, and Contract Drafting. Professor Sjostrom graduated magna cum laude from Notre Dame Law School, where he was an editor of the Notre Dame Law Review and a Dean’s Scholar. Prior to law school, Professor Sjostrom worked as an options trader at the Chicago Board Options Exchange. He received his undergraduate degree in finance with high honors from the University of Illinois. Before coming to Chase, Professor Sjostrom worked for the Minneapolis law firm of Fredrikson & Byron, where he focused on public and private securities offerings, venture capital financings and mergers and acquisitions. Professor Sjostrom also served for two years as assistant general counsel at Genmar Holdings, Inc., a large privately-owned manufacturer of recreational boats.