The second half of a student's study of corporation law (the first half is the course in Business Associations). This course is essential for anyone who intends to be involved to any significant degree in a corporate practice and very helpful to those persons intending to practice in other areas as financial and accounting concepts are very much a part of the general practice of law.
The course involves a study of the rights of security holders, including bondholders, preferred shareholders and common shareholders, and a study of dividends, stock dividends, repurchases of outstanding securities, mergers and acquisitions, including freezeouts, leveraged buyouts and tender offers. Time is spent on present value concepts and accounting theory, which are interwoven into the consideration of substantive legal issues.
PREREQUISITE: Business Associations (Law 851).