Tyrell Williams Memorial Lecture

Doing the Right Thing

Geoffrey C. Hazard Jr.
At one level, it is easy to describe the ethical standards observed by many lawyers. Quite bluntly, they are terrible. On the other hand, the ethical standards observed by many lawyers are excellent, particularly considering the very difficult and delicate ethical problems with which they must deal. The problem of “bad actors” in the profession is, in my opinion, primarily the weakness of institutions’ ability to secure compliance with the…

Justice Holmes’s Philosophy

Sheldon M. Novick
In my biography of Justice Holmes it seemed proper to let him have his effects. But explanation also has its part to play, if only below decks; so while Holmes lightly touches the helm, we may now trudge down to the engine room and have a look at the machinery.

Shareholder Voice and the Market for Corporate Control

Peter V. Letsou
Part I examines in greater detail the role of shareholders in public corporations. Part II critiques existing explanations for rules that limit shareholder power over business decisions. Part III presents an alternative explanation for the limitations on shareholder power to control business decisions based upon the link between shareholder voice in management, on the one hand, and the efficient operation of the market for corporate control and organized securities exchanges,…

Civil Rights Procedural Problems

Carl Tobias
The article initially examines procedural developments that have detrimentally affected civil rights plaintiffs over the last decade and a half. The piece then analyzes the Civil Rights Act of 1991, emphasizing how that measure fails to remedy numerous procedural complications which confront these plaintiffs. Accordingly, the essay affords suggestions for additional change that would respond to the procedural difficulties which remain.