Lawrence A. Hamermesh

Widener University Delaware Law School

Faculty Director

4601 Concord Pike

Wilmington, DE 19803-0406

United States

Institute for Law and Economics

3501 Sansom Street

Philadelphia, PA 19104

United States

  • Widener University Delaware Law School

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    • Tel: 302-477-2132
    • Fax: 302-477-2257
SCHOLARLY PAPERS

31

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15,688

TOTAL CITATIONS
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Top 23,443

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26

Scholarly Papers (31)

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1.

Loyalty's Core Demand: The Defining Role of Good Faith in Corporation Law

Georgetown Law Journal, Vol. 93, p. 629, 2010, Widener Law School Legal Studies Research Paper No. 09-13, Harvard Law and Economics Discussion Paper No. 630
Number of pages: 70 Posted: 27 Feb 2009 Last Revised: 09 Mar 2012
Leo E. Strine Jr., Lawrence A. Hamermesh, R. Franklin Balotti and Jeffrey M. Gorris
Wachtell, Lipton, Rosen & Katz, Widener University Delaware Law School, Richards, Layton & Finger and Friedlander & Gorris, P.A.
Downloads 3,239 (7,640)
Citation 2

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Good faith, Loyalty, Fiduciary duties, Corporate governance, Directors, Boards, Shareholders, Director liability, Monitoring

2.

Model Business Corporation Act Annotated (5th ed.) — Front Matter

Model Business Corporation Act Annotated, Fifth Edition, 2020, ISBN: 978-1-64105-726-4, Temple University Legal Studies Research Paper No. 2020-26
Number of pages: 53 Posted: 17 Sep 2020 Last Revised: 18 Sep 2020
Jonathan C. Lipson and Lawrence A. Hamermesh
Temple University - James E. Beasley School of Law and Widener University Delaware Law School
Downloads 1,134 (38,454)

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Mbca, Model Business Corporation Act, Corporations, Corporate Law, Dgcl, Delaware General Corporation Law

3.

Putting Stockholders First, Not the First-Filed Complaint

Business Lawyer, Vol. 69, 2013, Harvard John M. Olin Center for Law, Economics, and Business Discussion Paper No. 740, Widener Law School Legal Studies Research Paper No. 13-25
Number of pages: 105 Posted: 17 Jan 2013 Last Revised: 15 Jan 2014
Leo E. Strine Jr., Lawrence A. Hamermesh and Matthew Jennejohn
Wachtell, Lipton, Rosen & Katz, Widener University Delaware Law School and Brigham Young University - J. Reuben Clark Law School
Downloads 1,045 (43,341)
Citation 3

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class actions, derivative suits, forum non conveniens, first-filed rule, multi-forum litigation, internal affairs doctrine, choice of law, choice of forum, state of incorporation

4.

The Institutional Investor's Goals for Corporate Law in the Twenty-First Century

Number of pages: 45 Posted: 31 Oct 2000
Carolyn Brancato, Michael Price, William B. Chandler, Lawrence A. Hamermesh and Joseph A. Rosenthal
The Conference Board - Global Corporate Governance Research Center, Franklin Mutual Advisers and Franklin Mutual Series Fund, Inc., Government of the State of Delaware - Court of Chancery, Widener University Delaware Law School and Rosenthal, Monhait, Gross & Goddess
Downloads 892 (53,999)

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5.

Fiduciary Principles and Delaware Corporation Law: Searching for the Optimal Balance by Understanding that the World is Not

Oxford Handbook of Fiduciary Law, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 17-40
Number of pages: 44 Posted: 29 Sep 2017 Last Revised: 11 Oct 2017
Lawrence A. Hamermesh and Leo E. Strine Jr.
Widener University Delaware Law School and Wachtell, Lipton, Rosen & Katz
Downloads 840 (58,631)
Citation 1

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fiduciary duties, directors, fiduciaries

6.

Supreme Court Amicus Brief of 19 Corporate Law Professors, Friedrichs v. California Teachers Association, No. 14-915

Number of pages: 55 Posted: 08 Nov 2015
John C. Coates IV, Lucian A. Bebchuk, Bernard S. Black, John C. Coffee, James D. Cox, Ronald J. Gilson, Jeffrey N. Gordon, Lawrence A. Hamermesh, Henry Hansmann, Robert J. Jackson Jr., Marcel Kahan, Vikramaditya S. Khanna, Michael Klausner, Reinier Kraakman, Donald C. Langevoort, Brian JM Quinn, Edward B. Rock, Mark J. Roe and Helen S. Scott
Harvard Law School, Harvard Law School, Northwestern University - Pritzker School of Law, Columbia Law School, Duke University School of Law, Stanford Law School, Columbia Law School, Widener University Delaware Law School, Yale University - Law School, New York University School of Law, New York University School of Law, University of Michigan Law School, Stanford Law School, Harvard Law School, Georgetown University Law Center, BC Law School, New York University School of Law, Harvard Law School and New York University (NYU)
Downloads 678 (77,581)

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corporate politics, union politics, First Amendment, shareholder rights, corporate speech

7.

The Policy Foundations of Delaware Corporate Law

Columbia Law Review, Vol. 106, No. 7, November 2006
Number of pages: 44 Posted: 13 Sep 2006 Last Revised: 14 Mar 2012
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 669 (78,921)

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8.

Preliminary Report of the American Bar Association Task Force on Corporate Responsibility

Number of pages: 52 Posted: 10 Jan 2003
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 614 (87,970)
Citation 5

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9.

Rationalizing Appraisal Standards in Compulsory Buyouts

Boston College Law Review, Vol. 50, p. 1021, 2009, U of Penn, Inst for Law & Econ Research Paper No. 08-20, Widener Law School Legal Studies Research Paper No. 08-73
Number of pages: 49 Posted: 22 Aug 2008 Last Revised: 04 Apr 2010
Lawrence A. Hamermesh and Michael L. Wachter
Widener University Delaware Law School and University of Pennsylvania Law School - Institute for Law and Economics
Downloads 596 (91,404)
Citation 2

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Corporations, takeovers, squeeze-out mergers, corporate valuation fair value, going concern value, synergies, implicit minority discount, control value, control premium, controlling shareholder, discounted value flow analysis, comparable company analysis, acquisition premium

10.

Delaware Corporate Law and the Model Business Corporation Act: A Study in Symbiosis

Law and Contemporary Problems, Vol. 74, p. 107, 2011, Widener Law School Legal Studies Research Paper No. 11-15
Number of pages: 15 Posted: 26 Mar 2011
Jeffrey M. Gorris, Lawrence A. Hamermesh and Leo E. Strine Jr.
Friedlander & Gorris, P.A., Widener University Delaware Law School and Wachtell, Lipton, Rosen & Katz
Downloads 575 (95,652)
Citation 1

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Delaware, corporation law, corporate law, model business corporation act, corporations

11.

The Fair Value of Cornfields in Delaware Appraisal Law

Delaware Journal of Corporate Law (DJCL), Vol. 31, Pg. 119, 2005, U of Penn, Inst for Law & Econ Research Paper No. 05-24
Number of pages: 48 Posted: 30 Nov 2005 Last Revised: 13 May 2009
Lawrence A. Hamermesh and Michael L. Wachter
Widener University Delaware Law School and University of Pennsylvania Law School - Institute for Law and Economics
Downloads 560 (98,965)
Citation 2

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Delaware appraisal law, corporate finance, valuation

12.

The Short and Puzzling Life of the 'Implicit Minority Discount' in Delaware Appraisal Law

University of Pennsylvania Law Review, Vol. 156, p. 1, 2007, U of Penn, Inst for Law & Econ Research Paper No. 07-01, Widener Law School Legal Studies Research Paper No. 08-15
Number of pages: 62 Posted: 06 Feb 2007 Last Revised: 06 Apr 2009
Lawrence A. Hamermesh and Michael L. Wachter
Widener University Delaware Law School and University of Pennsylvania Law School - Institute for Law and Economics
Downloads 537 (104,190)
Citation 3

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corporations, corporate appraisal, implicit minority discount, IMD, control shares, valuation, fair value, controller opportunism

13.

Calling Off the Lynch Mob: The Corporate Director's Fiduciary Disclosure Duty

Vanderbilt Law Review, Vol. 49, No. 5, 1996
Number of pages: 93 Posted: 06 Feb 2009 Last Revised: 10 Feb 2009
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 370 (161,273)

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delaware, corporations, fiduciary duty, directors, officers, disclosure, stockholders

14.

Decoupling and Motivation: Re-Calibrating Standards of Fiduciary Review, Rethinking 'Disinterested' Shareholder Decisions, and Deconstructing 'De-SPACs'

Business Lawyer (Vol. 78, Issue 4, Fall 2023, Forthcoming)
Number of pages: 48 Posted: 02 Aug 2023 Last Revised: 25 Oct 2023
Henry T. C. Hu and Lawrence A. Hamermesh
University of Texas at Austin - School of Law and Widener University Delaware Law School
Downloads 346 (173,568)
Citation 1

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board, controller, common ownership, Corwin, decoupling, Delaware, empty voter, entire fairness, ESG, fiduciary duty, governance, institutional investor, judicial review, merger, pass-through voting, shareholder voting, socially responsible investing, SPAC

15.

Supreme Court Amicus Brief of 22 Corporate Law Professors, Mark Janus v. American Federation of State, County and Municipal Employees, Council 31, et aL, No. 16-1466

Number of pages: 56 Posted: 02 Jan 2018
John C. Coates IV, Lucian A. Bebchuk, John C. Coffee, Bernard S. Black, Lawrence A. Hamermesh, James D. Cox, Marcel Kahan, Reinier Kraakman, Jeffrey N. Gordon, Ronald J. Gilson, Vikramaditya S. Khanna, Michael Klausner, Henry Hansmann, Donald C. Langevoort, Brian JM Quinn, Michal Barzuza, Mira Ganor, Edward B. Rock, Mark J. Roe, Helen S. Scott, Holger Spamann, Randall S. Thomas and Randall S. Thomas
Harvard Law School, Harvard Law School, Columbia Law School, Northwestern University - Pritzker School of Law, Widener University Delaware Law School, Duke University School of Law, New York University School of Law, Harvard Law School, Columbia Law School, Stanford Law School, University of Michigan Law School, Stanford Law School, Yale University - Law School, Georgetown University Law Center, BC Law School, University of Virginia School of Law, University of Texas at Austin - School of Law, New York University School of Law, Harvard Law School, New York University (NYU), Harvard Law School and Vanderbilt University - Law SchoolVanderbilt University - Owen Graduate School of Management
Downloads 344 (174,700)

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corporate politics, union politics, First Amendment, shareholder rights, corporate speech

16.

Twenty Years after Smith v. Van Gorkom: An Essay on the Limits of Civil Liability of Corporate Directors and the Role of Shareholder Inspection Rights

Washburn Law Journal, Vol. 45, 2006, Widener Law School Legal Studies Research Paper No. 08-41
Number of pages: 25 Posted: 21 Apr 2008
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 331 (182,707)

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corporation law, Delaware, duty of care, stockholder inspection rights, confidentiality, directors

17.

Director Nominations

Downloads 328 (183,874)
Citation 2

Director Nominations

Delaware Journal of Corporate Law (DJCL), Vol. 39, no. 1, p. 117, Widener Law School Legal Studies Research Paper No. 14-01
Number of pages: 44 Posted: 27 Nov 2013 Last Revised: 14 Jul 2014
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 167 (353,266)
Citation 2

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corporation law, corporations, directors, shareholders, director nominations, corporate governance

Director Nominations

Delaware Journal of Corporate Law (DJCL), Vol. 39, No. 1, 2014
Number of pages: 43 Posted: 18 Aug 2014
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 161 (364,621)

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Delaware, Journal, Corporate, Law, Lawrence A. Hamermesh, Director, Nominations, shareholder, elections

18.

Consent in Corporate Law

Business Lawyer, v. 70, p. 161, Winter 2014/2015, Widener Law School Legal Studies Research Paper No. 14-31
Number of pages: 22 Posted: 29 Aug 2014 Last Revised: 21 Jan 2015
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 315 (191,778)
Citation 1

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corporate consent, Delaware, corporation law, fee-shifting bylaws

19.

Corporate Democracy and Stockholder-Adopted By-Laws: Taking Back the Street?

Tulane Law Review, Vol. 73, p. 409, 1998
Number of pages: 81 Posted: 25 Mar 1999 Last Revised: 24 Feb 2009
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 297 (204,302)

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stockholders, shareholders, corporate law, corporate governance, corporation law, bylaws

20.

The Importance of Being Dismissive: The Efficiency Role of Pleading Stage Evaluation of Shareholder Litigation

Widener University Delaware Law School Legal Studies Research Paper Series No. 15-16, U of Penn, Inst for Law & Econ Research Paper No. 15-32
Number of pages: 82 Posted: 21 Aug 2015 Last Revised: 17 Sep 2015
Lawrence A. Hamermesh and Michael L. Wachter
Widener University Delaware Law School and University of Pennsylvania Law School - Institute for Law and Economics
Downloads 247 (246,257)
Citation 1

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shareholder class actions, shareholder derivative suits, expedited discovery, pleading standards, motion to dismiss, information asymmetry, litigation agency costs

21.

Introduction: The Delaware General Corporation Law for the 21st Century

Delaware Journal of Corporate Law (DJCL), Vol. 33, No. 3, 2008
Number of pages: 8 Posted: 14 Dec 2008 Last Revised: 09 Feb 2009
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 239 (254,418)

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Delaware, Journal, Corporate, Law, Delaware General Corporation Law for the 21st Century, Introduction, Widener Law School

22.

The Role of Judicial Opinions in Shaping M&A Practice

Research Handbook on Mergers and Acquisitions (Edward Elgar 2016), Widener University Delaware Law School Legal Studies Research Paper Series No. 15-17
Number of pages: 24 Posted: 26 Aug 2015 Last Revised: 23 Dec 2016
Lawrence A. Hamermesh and Jacob Fedechko
Widener University Delaware Law School and Delaware Journal of Corporate Law
Downloads 216 (280,037)

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fairness opinions, two-tier tender offers, poison pills, special committees, majority of the minority vote, deal protection measures, MAC clauses, investment banker conflicts

23.

M&A Under Delaware's Public Benefit Corporation Statute: A Hypothetical Tour

Harvard Business Law Review, v. 4, p. 255, 2014, Widener Law School Legal Studies Research Paper No. 14-37
Number of pages: 27 Posted: 22 Oct 2014
Frederick H. Alexander, Lawrence A. Hamermesh, Frank Martin and Norman Monhait
Morris, Nichols, Arsht & Tunnell, Attorneys At Law - Corporation Law Counseling Group, Widener University Delaware Law School, Morris Nichols Arsht & Tunnell and Rosenthal, Monhait & Goddess
Downloads 206 (292,792)

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Delaware, corporation law, public benefit corporations, B corporations, benefit corporations, mergers and acquisitions

24.

Reconceptualizing Shareholder "Disinterestedness": Transformative Institutional Investor Changes and Motivational Misalignments in Voting

Business Lawyer, Volume 80, No. 2 (Spring 2025) (forthcoming)
Number of pages: 79 Posted: 23 Apr 2024 Last Revised: 08 Nov 2024
Henry T. C. Hu and Lawrence A. Hamermesh
University of Texas at Austin - School of Law and Widener University Delaware Law School
Downloads 205 (294,084)

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activist, asset manager, common ownership, decoupling, Delaware, disclosure, empty voter, ESG, governance, hedge fund, indexing, institutional investor, ISS, pass-through voting, SEC, share lending, stockholder voting re directors, mergers, and disinterested shareholder cleansing (Corwin/MFW), 13F, activist, asset manager, common ownership, decoupling, Delaware, disclosure, empty voter, ESG, governance, hedge fund, indexing, institutional investor, ISS, mergers, pass-through voting, SEC, 13F, share lending, stockholder voting, disinterested shareholders, activis, activist., 13F, activism, activist; asset manager;

25.

An Introduction to the Federalist Society's Panelist Discussion Titled 'Deregulating the Markets: The JOBS Act'

Delaware Journal of Corporate Law (DJCL), Vol. 38, No. 2, 2013, Widener Law School Legal Studies Research Paper No. 14-03
Number of pages: 65 Posted: 27 Nov 2013 Last Revised: 04 Dec 2013
Lawrence A. Hamermesh and Peter Tsoflias
Widener University Delaware Law School and Widener University Delaware Law School
Downloads 169 (349,930)

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Delaware, Journal, Corporate, Law, JOBS Act, Federalist Society, crowdfunding, going public, securities, capital

26.

Who Let You into the House?

Wisconsin Law Review, Vol. 2012, no. 2, p. 359, Widener Law School Legal Studies Research Paper No. 11-49
Number of pages: 29 Posted: 06 Dec 2011 Last Revised: 12 May 2012
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 168 (351,726)

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general counsel, gatekeeper, corporate governance, attorney-client, in-house counsel

27.

A Most Adequate Response to Excessive Shareholder Litigation

Hofstra Law Review, Vol. 45, 2016, Widener University Delaware Law School Legal Studies Research Paper Series No. 16-01
Number of pages: 37 Posted: 29 Feb 2016 Last Revised: 20 Jan 2017
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 134 (423,036)

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shareholder litigation, bylaws, derivative suits, special litigation committees

28.

Forum Shopping in the Bargain Aisle: Wal-Mart and the Role of Adequacy of Representation in Shareholder Litigation

Forthcoming, Research Handbook on Shareholder Litigation, Edward Elgar Publishing, (eds. Sean Griffith, et al.), Widener University Delaware Law School Legal Studies Research Paper Series No. 17-03
Number of pages: 28 Posted: 06 Dec 2016 Last Revised: 15 Dec 2016
Lawrence A. Hamermesh and Jacob Fedechko
Widener University Delaware Law School and Delaware Journal of Corporate Law
Downloads 111 (488,259)
Citation 2

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Shareholder Litigation, Class Actions, Derivative Actions, Adequacy of Representation, Res Judicata, Collateral Estoppel

29.

Ruby R. Vale and a Definition of Legal Scholarship

Delaware Journal of Corporate Law, Vol. 31, No. 1, pp. 253-262, 2005
Number of pages: 10 Posted: 02 May 2006
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 106 (504,909)

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Delaware, Journal, Corporate, Law, Ruby R. Vale, lecture, first endowed professorship, The Honorable Jack B, Jacobs, Widener

30.

A Delaware Response to Delaware's Choice

Downloads 103 (519,079)

A Delaware Response to Delaware's Choice

Delaware Journal of Corporate Law (DJCL), Vol. 39, No. 1, 2014, Widener Law School Legal Studies Research Paper No. 14-25
Number of pages: 6 Posted: 09 Jul 2014
Lawrence A. Hamermesh and Norman Monhait
Widener University Delaware Law School and Rosenthal, Monhait & Goddess
Downloads 63 (697,795)

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corporation law, Delaware, takeovers, corporations

A Delaware Response to Delaware's Choice

Delaware Journal of Corporate Law (DJCL), Vol. 39, No. 1, 2014
Number of pages: 5 Posted: 18 Aug 2014
Lawrence A. Hamermesh and Norman Monhait
Widener University Delaware Law School and Rosenthal, Monhait & Goddess
Downloads 40 (860,924)

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Delaware, Journal, Corporate, Law, Hamermesh, Lawrence, Norman, Monhait, Subramanian, Delaware's, Choice, Section 203

31.

How Long Do We Have to Play the 'Great Game'?

Iowa Law Review Bulletin, v. 100, p. 31, 2015, Widener Law School Legal Studies Research Paper No. 15-07
Number of pages: 10 Posted: 18 Feb 2015
Lawrence A. Hamermesh
Widener University Delaware Law School
Downloads 74 (630,702)

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corporations, corporate law, jurisdiction, jurisdictional competition, shareholders, derivative litigation, shareholder litigation