Professor Lucian A. Bebchuk's Judicial Opinions

Judicial Citations to Academic Work

Updated February 2024

Below are references to 68 judicial opinions that cite academic studies by Professor Lucian Bebchuk

Supreme Court of the United States

Basic Inc. v. Levinson, 485 U.S. 224

(Citing Lucian A. Bebchuk, “The Case for Facilitating Competing Tender Offers,” 95 Harv. L. Rev. 1028 (1982); Lucian A. Bebchuk, “Litigation and Settlement Under Imperfect Information,” 15 RAND J. Econ. 404 (1984))

U.S. Court of Appeals

Endo Pharms., Inc. v. Actavis, Inc., 746 F.3d 1371 (Federal Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “Suing Solely To Extract a Settlement Offer,” NBER Working Paper No. w2161 (February 1987))

Glassman v. Computervision Corp., 90 F.3d 655 (First Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989))

In re HAMILTON, 240 F.3d 148 (Second Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Jesse M. Fried, “The Uneasy Case for the Priority of Secured Claims in Bankruptcy”)

In re Cendant Corp. Litig., 264 F.3d 201 (Third Circuit Court of Appeals)

(Citing “2001 Task Force Proceedings, at 6-8, available here)

Polaroid Corp. v. Disney, 862 F.2d 987 (Third Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “The Case for Facilitating Competing Tender Offers,” 95 Harv. L. Rev. 1028 (1982))

New Orleans Opera Ass’n v. S. Reg’l Opera Endowment Fund, 993 So.2d 791 (Court of Appeal of Louisiana – Fourth Circuit)

(Citing Lucian A. Bebchuk, “Limiting Contractual Freedom in Corporate Law: The Desirable Constraints on Charter Amendments,” Harvard Law Review, Vol. 102, pp. 1820-1860, 1989)

Menard, Inc. V. Comm’r, 560 F.3d 620 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004)

Jones v. Harris Assocs. L.P., 537 F.3d 728 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004)

HA2003 Liquidating Trust v. Credit Suisse Sec. (USA) LLC, 517 F.3d 454 (Seventh Circuit Court of Appeals) (Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

In Re Sunthroid Mktg. Litig., 325 F.3d 974 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “The Questionable Case for Using Auctions to Select Lead Counsel,” 80 Wash. U. L.Q. 889 (2002))

Olsen v. Floit, 219 F.3d 148 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

Frymire-Brinati v. KPMG Peat Marwick, 2 F.3d 183 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

United States v. Turner, 998 F.2d 534 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “Optimal Sanctions When Individuals Are Imperfectly Informed about the Probability of Apprehension,” 21 J.Leg.Stud. 365 (1992))

Artistic Carton Col, v. Paper Industry Union-Management Pension Fund, 971 F.2d 1346 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

Amanda Acquisition Corp. v. Universal Foods Corp., 877 F.2d 496 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “Toward Undistorted Choice and Equal Treatment in Corporate Takeovers,” Harvard Law Review, Vol. 98, pp. 1695-1808, 1985)

Flamm v. Eberstadt, 814 F.2d 1169 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “The Case for Facilitating Competing Tender Offers: A Last (?) Reply,” Journal of Law, Economics and Organization, vol. 2, no. 2 (1996))

Dynamics Corp. of Am. V. CTS Corp., 794 F.2d 250 (Seventh Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “The Case for Facilitating Competing Tender Offers,” 95 Harv. L. Rev. 1028 (1982))

Gallus v. Ameriprise Fin., Inc., 561 F.3d 816 (Eighth Circuit Court of Appeals)

(Citing Lucian A. Bebchuk and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004)

Jacobson v. AEG Capital Corp., 50 F.3d 1493 (Ninth Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “A New Approach to Corporate Reorganizations,” Harvard Law Review, Vol. 101, pp. 775 – 804, 1988)

Jewel Cos. V. Pay Less Drug Stores Northwest, Inc., 711 F.2d 1555 (Ninth Circuit Court of Appeals)

(Citing Lucian A. Bebchuk, “The Case for Facilitating Competing Tender Offers: A Reply and Extension,” 35 Stanford Law Review 23 (1984))

U.S. District Courts

In re Life Partners Holdings, Inc., 2015 WL 8523103

(Citing Lucian Arye Bebchuk & Alma Cohen, Firms' Decisions Where to Incorporate, 46 J.L. & Econ. 383, 391 (2003))

Dixon v. Wells Fargo Bank, N.A., 798 F.Supp.2d 336

(Citing Lucian A. Bebchuk, “Precontractual Reliance, ” 30 J. Legal Stud. 423 (2001))

Probate Court of the City of Warwick v. Bank of Am. Corp., 2010 U.S. Dist. Lexis 37125

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

In re Am. Mut. Funds Fee Litig., 2009 WL 5215755

(Citing Lucian A. Bebchuk and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004.)

A.W. Fin. Servs., S.A. v. Empire Res., Inc., 2009 WL 212412

(Citing Lucian A. Bebchuk and Assaf Hamdani, “Vigorous Race of Leisurely Walk: Reconsidering the Competition over Corporate Charters,” Yale Law Journal, Vol. 112, pp. 553-615, 2002)

Louis Vuitton Malletier v. Dooney & Bourke, Inc., 525 F.Supp.2d 558

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

Casden v. Burns, 504 F.Supp.2d 272

(Citing Lucian A. Bebchuk and Howard F. Chang, “Bargaining and the Division of Value in Corporate Reorganization,” Journal of Law, Economics and Organization, Vol. 8, pp. 253-279, 1992)

City P’ship Co. v. Lehman Bros., 344 F.Supp.2d 1241

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

To-Am Equip. Co. v. Mitsubishi Caterpillar Forklift Am., 953 F.Supp. 987

(Citing Lucian A. Bebchuk and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

Data Probe Acquisition Corp. v. Datatab, Inc., 568 F.Supp. 1538

(Citing Lucian A. Bebchuk, “The Case for Facilitating Competing Tender Offers,” 95 Harv. L. Rev. 1028 (1982))

In Re Teva Securities Litigation (consolidated action consists of 25 separate cases), 2021 WL 872156

(Citing Lucian A. Bebchuk & Allen Ferrell, "Rethinking Basic," The Business Lawyer, No. 3, pp.671-697, May 2014)

Adams v. ABEO North America, Inc., 2024 WL 4156417

(Citing Bebchuk v. CA, Inc., 902 A.2d 737, 740 (Del. Ch. 2006)

Supreme Court of Delaware

Versata Enters. V. Selecta, Inc., 5 A.3d 586

(Citing Lucian A. Bebchuk, John C. Coates, IV and Guhan Subramanian, “The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence, and Policy,” Stanford Law Review, Vol. 54, pp. 887-951, 2002)

MM Cos. V. Liquid Audio, Inc., 813 A.2d 1118

Unitrin, Inc. v. Am. Gen. Corp. (In re Unitrin, Inc.), 651 A.2d 1361

(Citing Lucian A. Bebchuk and Marcel Kahan, “A Framework for Analyzing Legal Policy Towards Proxy Contests,” California Law Review, Vol. 78, 1071-1136, 1990)

Centaur Partners, IV v. National Intergroup, Inc., 582 A.2d 923

(Citing Lucian A. Bebchuk, “Limiting Contractual Freedom in Corporate Law: The Desirable Constraints on Charter Amendments,” Harvard Law Review, Vol. 102, pp. 1820-1860, 1989)

Manti Holdings, LLC v. Authentix Acquisition Company, Inc., 261 A.3d 1199

(Citing Lucian A. Bebchuk, “Limiting Contractual Freedom in Corporate Law: The Desirable Constraints on Charter Amendments,” Harvard Law Review, Vol. 102, pp. 1820-1860, 1989)

In re Match Grp., Inc. Derivative Litig., 2024 Del. LEXIS 115, 813 A.2d 1118

(Citing Lucian A. Bebchuk and Assaf Hamdani, “Independent Directors and Controlling Shareholders,” University of Pennsylvania Law Review, Vol. 165, pp. 1271-1315, 2017)

In re Match Group, Inc. Derivative Litigation, 315 A.3d 446

(Citing Lucian A. Bebchuk & Assaf Hamdani, “Optimal Defaults for Corporate Law Evolution,” 96 Northwestern Law Review, Vol. 489, pp. 496 n. 16, 2002)

Court of Chancery of Delaware

Goldstein v. Denner, 2022 WL 1671006

(Citing Lucian A. Bebchuk, Alon Brav, and Wei Jiang, The Long-Term Effects of Hedge Fund Activism, Columbia Law Review, Vol. 115, pp. 1085-1156, 2015); Lucian A. Bebchuk and Jesse M. Fried, Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004); Lucian A. Bebchuk, Alma Cohen, Charles C. Y. Wang, Golden Parachutes and the Wealth of Shareholders, Journal of Corporate Finance, Vol. 25, April 2014, pp. 140-154)

In re CBS Corp. Stockholder Class Action & Derivative Litigation, 2021 Del. Ch. Lexis 12

(Citing Lucian A. Bebchuk and Kobi Kastiel, “The Perils of Small-Minority Controllers,” Georgetown Law Journal, Vol. 107, pp. 1456-1514, 2019)

In re Viacom Inc. Stockholders Litigation, 2020 Del. Ch. Lexis 373

(Citing Lucian A. Bebchuk and Kobi Kastiel, “The Perils of Small-Minority Controllers,” Georgetown Law Journal, Vol. 107, pp. 1466, 2019)

In re Pilgrim’s Pride Corporation Derivative Litigation, 2019 WL 1224556

(Citing Lucian A. Bebchuk and Assaf Hamdani, “Independent Directors and Controlling Shareholders,” University of Pennsylvania Law Review, Vol. 165, pp. 1271-1315, 2017)

In re PLX Technology Inc. Stockholders Litigation, 2018 WL 5018535

(Citing Lucian A. Bebchuk, Alon Brav, and Wei Jiang, “The Long-Term Effects of Hedge Fund Activism,” Columbia Law Review, Vol. 115, pp. 1085-1156, 2015)

Amalgamated Bank v. Yahoo! Inc., 132 A.3d 752

(Citing Lucian A. Bebchuk and Jesse Fried, “Pay Without Performance: The Unfulfilled Promise of Executive Compensation,” Harvard University Press 2004)

In re Ezcorp Inc. Consulting, 2016 WL 301245

(Citing Lucian A. Bebchuk, Reinier Kraakman and George G. Triantis, “Stock Pyramids, Cross-ownership, and Dual Class Equity: The Mechanisms and Agency costs of Separating Control from Cash-flow Rights in Concentrated Corporate Ownership,” Concentrated Corporate Ownership (R. Morck, ed.), pp. 445-460 (2000); Lucian A. Bebchuk and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004); Lucian A. Bebchuk, Jesse Fried and David I. Walker, “Managerial Power and Rent Extraction in the Design of Executive Compensation,” University of Chicago Law Review, Vol. 69, pp. 751-846, 2002)

In re Morton’s Rest. Group, Inc., 74 A.3d 656

(Citing Lucian A. Bebchuk, Alma Cohen Charles C. Y. Wang, “Staggered Boards and the Wealth of Shareholders: Evidence from Two Natural Experiments,” Harvard Law School John M. Olin Center Discussion Paper No. 697)

In re MFW S’holders Litig., 67 A.3d 496

(Citing Lucian A. Bebchuk, “Toward Undistorted Choice and Equal Treatment in Corporate Takeovers,” Harvard Law Review, Vol. 98, pp. 1695-1808, 1985)

Yucaipa Am. Alliance Fund II, L.P. v. Riggio, 1 A.3d 310

Selectica, Inc. v. Versata Enters., 2010 Del. Ch. Lexis 39

(Citing Lucian A. Bebchuk, “The Case Against Board Veto in Corporate Takeovers,” University of Chicago Law Review, Vol. 69, pp. 973-1035, 2002)

p>d States v. Conejo, 2010 WL 703068

(Citing Lucian A. Bebchuk, “The Case Against Board Veto in Corporate Takeovers,” University of Chicago Law Review, Vol. 69, pp. 973-1035, 2002)

JANA Master Fund, Ltd. v. CNET Networks, Inc., 954 A.2d 335

(Citing Lucian A. Bebchuk and Marcel Kahan, “A Framework for Analyzing Legal Policy Towards Proxy Contests,” California Law Review, Vol. 78, 1071-1136, 1990)

Ryan v. Gifford, 918 A.2d 341

(Citing Lucian A. Bebchuk, Yaniv Grinstein and Urs Peyer, “Lucky CEOs,” Journal of Finance, 2010 (published as "Lucky CEOs and Lucky Directors"))

Sample v. Morgan, 914 A.2d 647

(Citing Lucian A. Bebchuk and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004)

In re Walt Disney Co Derivative Litig., 907 A.2d 693

(Citing Lucian A. Bebchuk, and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004)

In re Pure Res. S’Holders Litig., 808 A.2d 421

(Citing Lucian A. Bebchuk, “Toward Undistorted Choice and Equal Treatment in Corporate Takeovers,” Harvard Law Review, Vol. 98, pp. 1695-1808, 1985)

In re Appraisal of Ford Holdings, 698 A.2d 973

(Citing Lucian A. Bebchuk, “Limiting Contractual Freedom in Corporate Law: The Desirable Constraints on Charter Amendments,” Harvard Law Review, Vol. 102, pp. 1820-1860, 1989)

Hoschett v. TSI Intern. Software, LTD, 683 A.2d 43

(Citing Lucian A. Bebchuk, “Limiting Contractual Freedom in Corporate Law: The Desirable Constraints on Charter Amendments,” Harvard Law Review, Vol. 102, pp. 1820-1860, 1989)

BCIM Strategic Value Master Fund, LP v. HFF, Inc., 2022 WL 304840

(Citing Lucian A. Bebchuk, and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004)

In Re Appraisal of Regal Entertainment Group, 2021 WL 1916364

(Citing Lucian A. Bebchuk, and Jesse M. Fried, “Pay without Performance: The Unfulfilled Promise of Executive Compensation, Harvard University Press 2004)

Simeone v. Walt Disney Company, 302 A.3d 956

(Citing Lucian A. Bebchuk & Robert J. Jackson, Jr., Corporate Political Speech: Who Decides?, Harvard Law Review, Vol. 124, pp. 83-117, 2010)

Other State Courts

Md. Ins. Comm’r v. Kaplan, 434 Md. 280 (Court of Appeals – Maryland)

(Citing Lucian A. Bebchuk and Jesse M. Fried, “Stealth Compensation via irement Benefits,” Berkeley Business Law Journal, Vol. 1, pp. 291-326, 2004)

Bennet v. Cadwallader, 2007 WL 715680 (Superior Court – New Jersey)

(Citing Lucian A. Bebchuk, “A New Approach to Corporate Reorganizations,” Harvard Law Review, Vol. 101, pp. 775 – 804, 1988)

Matter of New York Stock Exch., 2005 WL 4279476 (Supreme Court – New York)

(Citing Lucian A. Bebchuk, and Marcel Kahan, “Fairness Opinions: How Fair Are They and What Can Be Done About It?,” Duke Law Journal, Vol. 27, pp. 27-53, 1989)

Burcham v. Unison Bancorp, Inc., 77 P.3d 130 (Supreme Court – Kansas)

Murray v. Conseco, Inc., 766 N.E.2d 38 (Court of Appeals – Indiana)

(Citing Lucian A. Bebchuk, “A New Approach to Corporate Reorganizations,” Harvard Law Review, Vol. 101, pp. 775 – 804, 1988)

U.S. Bankruptcy Courts

In re Oneida Ltd., 351 B.R. 79

(Citing Lucian A. Bebchuk, “A New Approach to Corporate Reorganizations,” Harvard Law Review, Vol. 101, pp. 775 – 804, 1988)

In re Public Serv. Co. of New Hampshire, 88 B.R. 521

(Citing Lucian A. Bebchuk, “A New Approach to Corporate Reorganizations,” Harvard Law Review, Vol. 101, pp. 775 – 804, 1988)

In re Old CP, Inc., 2024 WL 3755575

(Citing Lucian A. Bebchuk & Assaf Hamdani, “Optimal Defaults for Corporate Law Evolution,” 96 Northwestern Law Review, Vol. 489, pp. 496 n. 16, 2002)

Lucian Arye Bebchuk

Judicial Citations to Academic Work

Pay without Performance: The Unfulfilled Promise of Executive Compensation

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