UCLA Law Professor Lynn Stout Named to Paul Hastings Chair in Corporate and Securities Law

Business Wire, Nov 1, 2006

LOS ANGELES -- UCLA School of Law has appointed Professor Lynn Stout to the Paul Hastings Endowed Chair in Corporate and Securities Law. The Paul Hastings Chair was created in December 2005 through the generosity of the international law firm Paul, Hastings, Janofsky & Walker LLP. It is the first endowed chair UCLA Law has received from a law firm, and it is also the first endowed law firm chair in the city of Los Angeles.

"UCLA School of Law professors are among the finest legal scholars in the nation, and we're pleased to support the school's efforts to attract and build one of the top law school faculties in the world," said Greg Nitzkowski, managing partner of Paul Hastings, and a 1984 alumnus of UCLA School of Law. "We're pleased that someone of Professor Stout's prominence will serve as the inaugural holder of the Paul Hastings Chair."

Professor Stout is an internationally renowned business law scholar who specializes in the areas of corporate governance, securities regulation and law and economics. A prolific writer, she publishes path-breaking research that seeks to advance our understanding of the economic and social functions of corporations and the principal issues involved in corporate governance.

Upon Professor Stout's appointment to the Paul Hastings Chair, UCLA Law Dean Michael Schill commented, "Lynn Stout is a business and corporate law scholar of impeccable character and repute. We're grateful to have in this important chair an individual who generates such influential and pioneering scholarship."

Professor Stout is the principal investigator for the UCLA-Sloan Foundation Research Program on Business Organizations. She is a director of the American Law and Economics Association, past chair of the American Association of Law Schools (AALS) Section on Law and Economics and past chair of the AALS Section on Business Associations.

Among Professor Stout's published works are "Share Price as a Poor Criterion for Good Corporate Law" (Berkeley Business Law Journal, Vol. 3, 2005), "On the Nature of Corporations" (University of Illinois Law Review, 2005), and "Takeovers in the Ivory Tower: How Academics Are Learning Martin Lipton May Be Right" (The Business Lawyer, Vol. 60, 2005). She has also authored a casebook series on law and economics, as well as numerous articles on corporate governance, the theory of the corporation, stock markets, finance theory, and economic and behavioral analysis of law.

About Paul, Hastings, Janofsky & Walker

Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is an international law firm, representing Fortune 500 companies with more than 1,000 attorneys located in 17 offices: Atlanta, Beijing, Brussels, Hong Kong, London, Los Angeles, Milan, New York, Orange County, Palo Alto, Paris, San Diego, San Francisco, Shanghai, Stamford, Tokyo and Washington, DC.

About UCLA School of Law

Founded in 1949, UCLA School of Law is the youngest major law school in the nation and has established a tradition of innovation in its approach to teaching, research and scholarship. With approximately 100 faculty and 970 students, the school pioneered clinical teaching, is a leader in interdisciplinary research and training, and is at the forefront of efforts to link research to its effects on society and the legal profession.