On February 27 and 28, the Law School is hosting the fifth annual NYU/Penn Conference on Law and Finance featuring the nation’s leading law and business professors, who will present papers to their colleagues on topics ranging from internal governance of firms to legal and alternative institutions in finance and commerce.   

Stephen Choi, Murry and Kathleen Bring Professor of Law, is presenting a draft of his paper, “Motions for Lead Plaintiff in Securities Class Actions.” The paper, which used a data set of securities class actions filed between 2003 and 2005, reports that plaintiffs' attorneys with greater power are able to negotiate higher attorneys' fees as a percentage of recovery and work fewer hours.

William Allen, Nusbaum Professor of Law and Business and director of the Pollack Center, Marcel Kahan, George T. Lowy Professor of Law, and Gerald Rosenfeld, co-director of the Mitchell Jacobson Leadership Program in Law and Business, are moderating some of the panel discussions.

The conference is jointly sponsored by New York University’s Pollack Center for Law and Business, the University of Pennsylvania’s Institute for Law and Economics and Wharton’s Financial Institution Center.