Leo E. Strine

Government of the State of Delaware - Supreme Court of Delaware

820 N. French Street

P.O. Box 1997

Wilmington, DE 19801

United States

Harvard Law School

Austin Wakeman Scott Lecturer on Law

1563 Massachusetts Ave

Cambridge, MA 02138

United States

University of Pennsylvania Law School

Adjunct Professor of Law

3501 Sansom Street

Philadelphia, PA 19104

United States

SCHOLARLY PAPERS

39

DOWNLOADS
Rank 824

SSRN RANKINGS

Top 824

in Total Papers Downloads

23,864

CITATIONS
Rank 7,153

SSRN RANKINGS

Top 7,153

in Total Papers Citations

67

Scholarly Papers (39)

1.

Director Liability

Delaware Journal of Corporate Law, Vol. 31, No. 3, pp. 1011-1045, 2006
Number of pages: 35 Posted: 20 Nov 2006
Harvard Law School, Bachelder Law Offices, U.S. Securities and Exchange Commission, Lerach Coughlin Stoia Geller Rudman & Robbins LLP, New York State Office of the State Comptroller, Lerach Coughlin Stoia Geller Rudman & Robbins LLP, Royal & Sun Alliance, Harvard College, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Gibson, Dunn & Crutcher LLP, Government of the State of Delaware - Supreme Court of Delaware and SODALI
Downloads 3,235 (2,145)
Citation 1

Abstract:

delaware, journal, corporate, law, transcript, personal liability, directors, Harvard Law, Corporate governance, directors, boards, shareholders, shareholder suits, liability, plaintiffs lawyers, derivative suits, securities litigation, D&O insurance

Documenting the Deal: How Quality Control and Candor Can Improve Boardroom Decision-Making and Reduce the Litigation Target Zone

Forthcoming, The Business Lawyer, Harvard Law School John M. Olin Center Discussion Paper No. 794
Number of pages: 53 Posted: 25 Oct 2014 Last Revised: 31 Oct 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 1,974 (5,541)

Abstract:

Mergers, Acquisitions, Corporate Law, corporate governance, Delaware, plaintiffs lawyers, securities litigation, financial advisors, conflicts of interests

Documenting the Deal: How Quality Control and Candor Can Improve Boardroom Decision-Making and Reduce the Litigation Target Zone

Business Lawyer, May 2015 Forthcoming , U of Penn, Inst for Law & Econ Research Paper No. 15-9
Number of pages: 53 Posted: 14 Mar 2015 Last Revised: 15 Apr 2015
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 239 (105,472)

Abstract:

Mergers and acquisitions, independent outside advisors, litigation avoidance, corporation law, business judgment rule, transparency, disclosure, discovery, independent directors, fiduciary responsibility, duty of loyalty

3.

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
Government of the State of Delaware - Supreme Court of Delaware, Widener University Delaware Law School, Richards, Layton & Finger and Friedlander & Gorris, P.A.
Downloads 2,199 (3,993)
Citation 3

Abstract:

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

4.

Towards a True Corporate Republic: A Traditionalist Response to Bebchuk's Solution for Improving Corporate America

Harvard Law Review, Vol. 119, p. 1759, 2006, Harvard Law and Economics Discussion Paper No. 541
Number of pages: 25 Posted: 14 Feb 2006 Last Revised: 25 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 1,445 (8,692)
Citation 15

Abstract:

corporate governance, shareholders, managers, directors, boards, proxy contests, precatory resolutions, corporate charters, corporate elections

5.

The New Federalism of the American Corporate Governance System: Preliminary Reflections of Two Residents of One Small State

University of Pennsylvania Law Review, Vol. 152, P. 953, 2003, NYU, Ctr for Law and Business Research Paper No. 03-01, U of Penn, Inst for Law & Econ Research Paper No. 03-03
Number of pages: 54 Posted: 08 Jan 2003 Last Revised: 21 Nov 2014
William B. Chandler III and Leo E. Strine Jr.
Government of the State of Delaware - Court of Chancery and Government of the State of Delaware - Supreme Court of Delaware
Downloads 1,365 (10,136)
Citation 11

Abstract:

6.

Toward Common Sense and Common Ground? Reflections on the Shared Interests of Managers and Labor in a More Rational System of Corporate Governance

Journal of Corporation Law, Fall 2007, U of Penn, Inst for Law & Econ Research Paper No. 07-25, Harvard Law and Economics Discussion Paper No. 585
Number of pages: 40 Posted: 30 May 2007
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 951 (16,503)
Citation 9

Abstract:

Directors, Boards, Shareholders, Corporate governance, Managers, Corporate elections, Institutional investors, Corporate social responsibility, CSR, Social welfare, Organized labor, Accountability, Durable wealth creation

7.

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
Government of the State of Delaware - Supreme Court of Delaware, Widener University Delaware Law School and Brigham Young University - J. Reuben Clark Law School
Downloads 880 (18,509)

Abstract:

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

8.

Can We Do Better by Ordinary Investors? A Pragmatic Reaction to the Dueling Ideological Mythologists of Corporate Law

Columbia Law Review, Vol. 114, No. 2, pp 449-502, March 2014, Harvard Law and Economics Discussion Paper No. 766, U of Penn, Inst for Law & Econ Research Paper No. 14-43
Number of pages: 56 Posted: 08 Apr 2014 Last Revised: 19 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 842 (11,658)

Abstract:

Short-termism, myopia, corporate governance, shareholders, boards, managers, long-term value, investor horizons, shareholder rights, shareholder power, shareholder activism, takeovers, corporate elections, entrenchment, antitakeover defenses, market efficiency, hedge funds

9.

The Siren Song of Unlimited Contractual Freedom

Research Handbook on Partnerships, LLCs and Alternative Forms of Business Organizations (Robert W. Hillman and Mark J. Loewenstein eds.) (Edward Elgar Publishing, 2015, Forthcoming) , Harvard Law School John M. Olin Center Discussion Paper No. 789
Number of pages: 33 Posted: 18 Aug 2014 Last Revised: 30 Aug 2014
Leo E. Strine Jr. and J. Travis Laster
Government of the State of Delaware - Supreme Court of Delaware and Court of Chancery of the State of Delaware
Downloads 795 (15,608)

Abstract:

Alternative entities, contractual freedom, standardization, transaction costs, defaults, fiduciary duty

10.

The Delaware Way: How We Do Corporate Law and Some of the New Challenges We (and Europe) Face

Delaware Journal of Corporate Law, Vol. 30, No. 3, pp. 673-696, 2005
Number of pages: 24 Posted: 31 Mar 2006
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 623 (26,091)
Citation 7

Abstract:

Delaware, Journal, Corporate, Law, challenges, globalization, international, Europe

11.

Conservative Collision Course?: The Tension between Conservative Corporate Law Theory and Citizens United

Cornell Law Review, Vol. 100, P. 335, 2015, Harvard Law School John M. Olin Center Discussion Paper No. 788, U of Penn, Inst for Law & Econ Research Paper No. 14-42
Number of pages: 57 Posted: 17 Aug 2014 Last Revised: 26 Feb 2015
Leo E. Strine Jr. and Nicholas Walter
Government of the State of Delaware - Supreme Court of Delaware and Wachtell, Lipton, Rosen & Katz
Downloads 517 (29,441)

Abstract:

Corporate governance, political spending, Citizens United, conservative corporate theory, regulatory externalities, lobbying, profit maximization, constitutional law, election law, labor law

12.

The Dangers of Denial: The Need for a Clear-Eyed Understanding of the Power and Accountability Structure Established by the Delaware General Corporation Law

Wake Forest Law Review, Vol. 50, Pg. 761, 2015, U of Penn, Inst for Law & Econ Research Paper No. 15-08
Number of pages: 43 Posted: 11 Mar 2015 Last Revised: 30 Sep 2016
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 489 (18,585)

Abstract:

Corporations, Delaware General Corporation Law, DGCL, fiduciary duties, duty of loyalty, short-term profit maximization, Dodge v. Ford Motor Co., Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Unocal v. Mesa Petroleum Co., corporate constituency statutes

13.

Human Freedom and Two Friedmen: Musings on the Implications of Globalization for the Effective Regulation of Corporate Behavior

U of Penn, Inst for Law & Econ Research Paper No. 07-26
Number of pages: 50 Posted: 25 Oct 2007
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 370 (49,006)
Citation 4

Abstract:

Corporate governance, Shareholders, Labor, Managers, Globalization, Corporate social responsibility, CSR, Shareholder value, Accountability, Sovereignty, International regulation, Economic liberty, New Deal, Externalities, Regulatory arbitrage, International norms and cooperation

14.

A Job Is Not a Hobby: The Judicial Revival of Corporate Paternalism and Its Problematic Implications

Journal of Corporation Law, Vol. 41, P. 71, 2015, U of Penn, Inst for Law & Econ Research Paper No. 15-2
Number of pages: 76 Posted: 28 Jan 2015 Last Revised: 08 Apr 2016
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 356 (45,480)

Abstract:

Hobby Lobby; corporate law; corporate paternalism

15.

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 Government of the State of Delaware - Supreme Court of Delaware
Downloads 287 (65,644)

Abstract:

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

16.

The Inescapably Empirical Foundation of the Common Law of Corporations

The Delaware Journal of Corporate Law, Vol. 27, No. 2, pp. 499-524, 2002
Number of pages: 26 Posted: 22 Nov 2003
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 285 (82,220)

Abstract:

17.

Originalist or Original: The Difficulties of Reconciling Citizens United with Corporate Law History

The Harvard John M. Olin Discussion Paper No. 812
Number of pages: 94 Posted: 16 Feb 2015 Last Revised: 26 Feb 2015
Leo E. Strine Jr. and Nicholas Walter
Government of the State of Delaware - Supreme Court of Delaware and Wachtell, Lipton, Rosen & Katz
Downloads 247 (78,193)

Abstract:

Citizens United, corporate law, originalism, legal history

18.

'Mediation Only' Filings in the Delaware Court of Chancery: Can New Value Be Added by One of America's Business Courts?

Duke Law Journal, Vol. 53, P. 585, 2003
Number of pages: 12 Posted: 12 Jun 2003 Last Revised: 24 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 211 (116,678)
Citation 1

Abstract:

Delaware Court of Chancery, business disputes, mediation

19.

Making it Easier for Directors to 'Do the Right Thing'?

Harvard Business Law Review, Vol. 4, P. 235, 2014, U of Penn, Inst for Law & Econ Research Paper No. 14-41
Number of pages: 21 Posted: 18 Dec 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 120 (118,342)

Abstract:

Law and economics, corporate governance, social responsibility, stakeholders, benefit corporations, mergers and acquisitions, M&A, Delaware corporation law, social entrepreneurship, sustainability, return on investment, profitability

20.

Originalist or Original: The Difficulties of Reconciling Citizens United with Corporate Law History

Notre Dame Law Review, Vol. 91, Pg. 877, 2016, U of Penn, Inst for Law & Econ Research Paper No. 15-3
Number of pages: 59 Posted: 21 Feb 2015 Last Revised: 30 Sep 2016
Leo E. Strine Jr. and Nicholas Walter
Government of the State of Delaware - Supreme Court of Delaware and Wachtell, Lipton, Rosen & Katz
Downloads 104 (168,122)

Abstract:

Jurisprudence, constitutional interpretation, original intent, original understanding, originalism, election law, campaign finance reform, corporate personhood, general corporation statutes, political speech, First National Bank of Boston v. Bellotti, Santa Clara County v. Southern Pacific Railroad

21.

Our Continuing Struggle with the Idea that For-Profit Corporations Seek Profit

Wake Forest Law Review, Vol. 47, P. 135, 2012
Number of pages: 38 Posted: 15 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 90 (112,595)

Abstract:

Law and economics, shareholder primacy, corporate governance, business ethics, risk management

22.

'Old School' Law School's Continuing Relevance for Business Lawyers in the New Global Economy: How a Renewed Commitment to Old School Rigor and the Law as a Professional and Academic Discipline Can Produce Better Business Lawyers

Chapman Law Review, Vol. 17, P. 137, 2013
Number of pages: 15 Posted: 16 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 67 (249,364)

Abstract:

Business law, legal education

23.

Realigning the Standard of Review of Director Due Care with Delaware Public Policy: A Critique of Van Gorkom and its Progeny as a Standard of Review Problem

Northwestern University Law Review, Vol. 96, P. 449, 2002
Number of pages: 18 Posted: 22 Nov 2014
William T. Allen, Jack B. Jacobs and Leo E. Strine Jr.
New York University School of Law, Government of the State of Delaware - Court of Chancery and Government of the State of Delaware - Supreme Court of Delaware
Downloads 59 (137,188)
Citation 2

Abstract:

24.

Poor Pitiful or Potently Powerful Preferred?

University of Pennsylvania Law Review, Vol. 161, P. 2057, 2013
Number of pages: 16 Posted: 16 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 52 (291,401)

Abstract:

Law and economics, corporate finance and governance, securities law, equity, contracts

25.

Duty & the Death Penalty

Widener Law Review, Vol. 21, P. 1, 2015
Number of pages: 26 Posted: 25 Oct 2014 Last Revised: 25 Feb 2015
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 48 (237,088)

Abstract:

26.

The Social Responsibility of Boards of Directors and Stockholders in Charge of Control Transactions: Is There Any 'There' There?

Southern California Law Review, Vol. 75, P. 1169, 2002
Number of pages: 19 Posted: 22 Nov 2014 Last Revised: 24 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 47 (232,154)
Citation 4

Abstract:

27.

The Great Takeover Debate: A Meditation on Bridging the Conceptual Divide

University of Chicago Law Review, Vol. 69, P. 1067, 2002
Number of pages: 32 Posted: 22 Nov 2014
William T. Allen, Jack B. Jacobs and Leo E. Strine Jr.
New York University School of Law, Government of the State of Delaware - Court of Chancery and Government of the State of Delaware - Supreme Court of Delaware
Downloads 39 (249,364)
Citation 3

Abstract:

28.

Regular (Judicial) Order as Equity: The Enduring Value of the Distinct Judicial Role

Temple Law Review, Vol. 87, P. 99, 2014
Number of pages: 10 Posted: 23 Oct 2014 Last Revised: 05 May 2015
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 16 (415,402)

Abstract:

29.

Delaware's Corporate-Law System: Is Corporate America Buying an Exquisite Jewel or a Diamond in the Rough? A Response to Kahan & Kamar's Price Discrimination in the Market for Corporate Law

Cornell Law Review, Vol. 86, P. 1257, 2001
Number of pages: 26 Posted: 24 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 11 (420,286)
Citation 2

Abstract:

30.

The Professorial Bear Hug: The ESB Proposal as a Conscious Effort to Make the Delaware Courts Confront the Basic 'Just Say No' Question

Stanford Law Review, Vol. 55, P. 863, 2002
Number of pages: 21 Posted: 20 Nov 2014
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 11 (401,669)
Citation 5

Abstract:

Law and economics, mergers and acquisitions, M&A, Delaware corporation law, corporate governance, effective staggered board

31.

Perfectly Frank: A Reflection on Quality Lawyering in Honor of R. Franklin Balotti

Business Lawyer, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 17-19
Number of pages: 31 Posted: 05 May 2017
Government of the State of Delaware - Supreme Court of Delaware, Ballard Spahr LLP, Gibson, Dunn & Crutcher LLP, Morris, Nichols, Arsht & Tunnell, Attorneys At Law, Supreme Court of Delaware and Richards, Layton & Finger
Downloads 0 (282,138)

Abstract:

corporate law, ethics, legal profession, empathy, Delaware, clients, directors, buyers, stockholders, mergers and acquisitions, M&A, business judgment, owners, judgment, integrity

32.

Who Bleeds When the Wolves Bite? A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System

Yale Law Journal, Vol. 126, Pg. 1870, 2017, U of Penn, Inst for Law & Econ Research Paper No. 17-5, Harvard Law School, John M. Olin Institute for Law, Economics, and Business Discussion Paper no. 899
Number of pages: 103 Posted: 22 Feb 2017 Last Revised: 20 Apr 2017
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 0 (16,016)

Abstract:

Business corporation law, securities regulation, activist hedge funds, wolf pack activism, corporate governance, social responsibility, money managers, disclosure, transparency, private equity, inequality, longtermism, long-termism, shorttermism, short-termism, retirement, savings

33.

Corporate Power is Corporate Purpose II: An Encouragement for Future Consideration from Professors Johnson and Millon

Washington and Lee Law Review, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 16-35, Harvard Law School, John M. Olin Institute for Law, Economics, and Business Discussion Paper no. 896
Number of pages: 13 Posted: 28 Jan 2017 Last Revised: 08 Apr 2017
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 0 (100,276)

Abstract:

Corporate law, corporations, fiduciary duties, corporate purpose, corporate governance, Hobby Lobby, institutional ownership and control, board of directors, corporate inversions, social responsibility, stakeholders, shareholders, corporate constituency statutes, Delaware General Corporation Law

34.

Corporate Power is Corporate Purpose I: Evidence from My Hometown

Oxford Review of Economic Policy, Forthcoming, U of Penn, Inst for Law & Econ Research Paper No. 16-34, Harvard Law School John M. Olin Center for Law, Economics, and Business Discussion Paper no. 895
Number of pages: 41 Posted: 27 Jan 2017 Last Revised: 28 Feb 2017
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 0 (56,338)

Abstract:

short-termism, institutional investors, corporate law, corporations, fiduciary duties, Dodge v. Ford, corporate constituency statutes, corporate governance, social responsibility, CSR, stakeholders, activist investors, myopia, shareholders, boards, managers, DuPont, need for stakeholder protections

35.

Criminal Justice and (a) Catholic Conscience

Santa Clara Law Review, Vol. 56, P. 631, 2016, U of Penn Law School, Public Law Research Paper No. 16-6
Number of pages: 46 Posted: 19 Feb 2016 Last Revised: 03 Feb 2017
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 0 (212,366)

Abstract:

criminal justice, ethics, capital punishment, Catholicism, Christianity, redemption, incarceration rates, law enforcement, mandatory minimum sentences, race, discriminatory sentences, bail, poor, income gap

36.

Securing Our Nation's Economic Future: A Sensible, Nonpartisan Agenda to Increase Long-Term Investment and Job Creation in the United States

U of Penn, Inst for Law & Econ Research Paper No. 15-41
Number of pages: 51 Posted: 09 Dec 2015
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 0 (200,196)

Abstract:

short-termism, tax policy, infrastructure, climate change, institutional investors, benefit corporation, carbon tax, trading tax, basic research

37.

The Soviet Constitution Problem in Comparative Corporate Law: Testing the Proposition that European Corporate Law is More Stockholder Focused than U.S. Corporate Law

89 S. Cal. L. Rev. 1239 (2016), U of Penn, Inst for Law & Econ Research Paper No. 15-39
Number of pages: 70 Posted: 11 Nov 2015 Last Revised: 31 Mar 2017
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 0 (78,193)

Abstract:

shareholder, stockholder, rights, power, voting, profit, profit maximization, returns, corporation, company, corporate law, comparative law, corporate governance, directors, fiduciary duty, regulation, government, M&A, takeover, non frustration rule, United States, Europe, member states, Delaware

38.

Corporate Power Ratchet: The Courts' Role in Eroding 'We the People's' Ability to Constrain Our Corporate Creations

Harvard Civil Rights-Civil Liberties Law Review (CR-CL), Vol. 51, P. 423, 2016, U of Penn, Inst for Law & Econ Research Paper No. 15-37
Number of pages: 58 Posted: 27 Oct 2015 Last Revised: 24 Feb 2017
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware
Downloads 0 (65,011)

Abstract:

Citizens United, constitutional law, First Amendment, election law, political spending, corporate law, moneyed interests, dark money, administrative law, public law, agency rulemaking

39.

Derivative Impact? Some Early Reflections on the Corporation Law Implications of the Enron Debacle

Business Lawyer, Vol. 57, No. 4, August 2002, Copyright
Posted: 20 May 2002
Leo E. Strine Jr.
Government of the State of Delaware - Supreme Court of Delaware

Abstract: