The New York Times DealBook blog recently discussed the trend of exercising appraisal rights, which allow shareholders in the midst of an acquisition to request a court’s assessment of share values. The article highlighted a paper co-written by BLS Professor Minor Myers and former BLS Professor Charles Korsmo, now at Case Western Reserve Law School, that explores the benefits of appraisal remedies during public company mergers.
Professor Minor Myers was featured today in the New York Times for a draft paper that he is co-authoring with Charles Korsmo, a former visiting associate professor at BLS. The article highlights their findings – taken from a work-in-progress titled Appraisal Arbitrage and the Future of Public Company M&A – on the “skyrocketing” number of appraisal rights actions.
Professor Minor Myers’ article, “The Judicial Service of Retired U.S. Supreme Court Justices,” 32 Journal of Supreme Court History 46 (2007), was prominently cited in a recent Washington Post article.
In a recent Financial Times article, Professor Minor Myers commented on new options for frustrated U.S. shareholders. Whereas unhappy investors once felt their only choices were to sell their stock or sue the company, the SEC has begun to force boards of directors to properly respond to their majority holders.
In “How Freedom Turned Talent into Olympic Gold,” co-writers George L. Priest and Professor Minor Myers compare the success of various countries in the 2008 Summer Olympics to economic globalization. Published in the Wall Street Journal, the article explores the similarities between cornering different athletic fields with cornering different economic markets.