Journal article
THE SEVENTH CIRCUIT AND THE MARKET FOR CORPORATE CONTROL
Chicago-Kent law review, Vol.65(3), p681
01 Jan 1989
Abstract
The Seventh Circuit has played a pivotal role in the development of the law of takeovers. Early in the decade the court adopted the position of permitting wide discretion to target managers to fashion self-help antitakeover defenses while at the same time striking down state legislative efforts to restrict takeovers. By the end of the decade, however, the court had virtually reversed these positions. In part, the changes reflect nothing more than the court's role as an intermediate court of appeals. But in larger part, the changes in the court's position reflect the doctrinal tumult in the area as a consequence of the impact of Law and Economic analysis on corporate law. The court's latest opinions, moreover, reflect the growing recognition that reconciling the various strains of Law and Economics is a difficult task.
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Details
- Title
- THE SEVENTH CIRCUIT AND THE MARKET FOR CORPORATE CONTROL
- Creators
- Dennis HonabachRoger Dennis
- Publication Details
- Chicago-Kent law review, Vol.65(3), p681
- Publisher
- Illinois Institute of Technology, Chicago-Kent College of Law [etc.]
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Thomas R. Kline School of Law
- Identifiers
- 991021870171604721