Professor Richard Squire Writes Top Article of 2010June 21, 2011
An article written by Associate Professor Richard Squire of Fordham Law School has been selected one of the ten best corporate and securities law articles of 2010.
Squire was recognized for his article “Shareholder Opportunism in a World of Risky Debt,” 123 Harvard Law Review 1151 (2010). The selection was announced by the Corporate Practice Commentator, which asked scholars to select the best corporate and securities law articles from the more than 440 that were published and indexed in legal journals in 2010.
Squire's article identifies an opportunism hazard in modern finance created by contingent debt, a hazard previously overlooked by lawmakers and scholars. According to the article, current and proposed legal rules for contingent debt contracts ignore correlation-seeking, which increases the risk of a future financial crash.
Squire has been a member of the Fordham Law faculty since 2006. He was named Teacher of the Year in both 2010 and 2011.