Institute for Consumer
Antitrust Studies
The
Institute for Consumer Antitrust
Studies is an independent academic
center that explores the impact
of antitrust enforcement on the
individual consumer and the
public, and shapes policy issues.
The institute, directed by Professor
Spencer Weber Waller since 2000,
promotes a comprehensive, inclusive
view of the benefits of competition
law and policy that goes beyond a
Steven Ramirez, director of the Center for Business and Corporate Governance Law, spoke on the causes and effects of the subprime meltdown at a recent Loyola program.
prevailing narrow focus on
economic efficiency.
Highlights of the past year
include The National Mortgage
Settlement Conference, cohosted
by Loyola’s Institute for Investor
Protection and Center for Business
and Corporate Governance Law,
which commemorated the one-year
anniversary of the historic $50 billion
settlement involving the nation’s
leading home mortgage lenders.
Speakers included US Secretary of
Housing and Urban Development
Shaun Donovan and Illinois Attorney
General Lisa Madigan (JD ’94). A
conference video is available at
LUC.edu/antitrust. Other institute
highlights include the symposium
“Brands, Competition, and the Law”
and the 14th annual Loyola
Antitrust Colloquium.
Center for Business
and Corporate
Governance Law
The Center for Business and
Corporate Governance Law is a
response to rapid changes in
today’s society, from downsizing
and global competition to
explosive new technologies.
Faculty, practicing attorneys,
jurists, and business professionals
provide students with unique
opportunities to learn about
practical aspects of converging
legal and business worlds.
In addition to cosponsoring
The National Mortgage Settlement
Conference, the center hosted
a special program, “Lawless
Devils: Corruption, Politics, and the
Law.” Speakers Bethany McLean,
award-winning journalist and
coauthor of
All the Devils Are Here
,
and Professor Steven Ramirez,
director of the center, discussed the
causes and effects of the subprime
meltdown from a legal and human
perspective. Ramirez’s book
Lawless
Capitalism: The Subprime Crisis and
the Case for an Economic Rule of Law
was published last fall.
Center for Public
Interest Law
The Center for Public Interest
Law reflects the School of Law’s
commitment to the Jesuit tradition
of service to others. Directed by
Mary Bird-Murphy, the center
exposes students to meaningful
extracurricular and volunteer
opportunities that advocate for
and empower underprivileged
members of our community.
Approximately 650 Loyola law
students—more than two-thirds of
the student body—participated in
public service activities during the
2012–13 academic year, including
implementing a course for inner-
city high school students on the US
legal system, distributing food and
clothing to homeless clients, working
with the Chicago Coalition for the
Homeless to spread the word on
the educational rights of children
in temporary living situations, and
organizing an initiative to assist
Chicago-area high school students
in preparing for their ACT exams.
At the May commencement, 146
members of the Class of 2013
received Public Interest Recognition
and 73 students received Leadership
and Service Recognition.
Institute for
Investor Protection
The Institute for Investor Protection
is a nonpartisan, independent
academic center that promotes
investor protection for the
individual consumer and the
public, and seeks to shape policy
issues affecting investors. The
institute educates investors on the
private remedies envisioned by
Congress and the judiciary to deter
disclosure violations.
Nobel Prize-winning psychologist
Daniel Kahneman, author of
Thinking,
Fast and Slow
, delivered the keynote
address at Loyola’s second annual
Institute for Investor Protection
Conference, “Behavioral Economics
and Investor Protection,”where
distinguished jurist Hon. William T.
Hart (JD ’51) and leading scholars,
expert witnesses, and practitioners
debated and discussed the
application of behavioral economics
to critical aspects of securities fraud
litigation. The
Loyola University
Chicago Law Journal
presented
articles and speeches from the
gathering in its Special Conference
Issue published this summer.
Other academic
specialties
Beyond its Centers of Excellence and
institutes, the School of Law offers
several additional programs that
reflect Loyola’s strengths and allow
students to focus on a particular
area of interest. Loyola law programs
of focus include the Intellectual
Property Law Program, International
Law and Practice Program, Law
and Religion Program, and Tax Law
Program. These initiatives offer
concentrated curricula and additional
learning experiences such as
externships, symposia, journals,
and service projects.
Loyola law professors possess a wealth of specialized
expertise, and the curriculum has evolved to take full
advantage of the School of Law faculty’s depth of experience.
In addition to the Centers of Excellence, the law school is
home to several centers and institutes that further teaching,
research, and policy in areas in which Loyola leads.
Other
specialty
programs
Institutes and centers leverage Loyola strengths
COLOR IS FOR APPROXIMATION ONLY – DO NOT USE FOR COLOR APPROVAL
Loyola
University Chicago
Law Journal
BEHAVIORAL ECONOMICS AND
INVESTOR PROTECTION CONFERENCE
Behavioral Economics and Investor Protection: Keynote Address
Daniel Kahneman
Behavioral Finance before Kahneman
Richard A. Posner
Daniel Kahneman’s Influence on Legal Theory
Russell Korobkin
A Behavioral View of Investor Protection
Thomas S. Ulen
What Kahneman Means for Lawyers: Some Reflections on
Charles W. Murdock and
Thinking, Fast and Slow
Barry Sullivan
Building On Kahneman’s Insights in the Development of
Behavioral Finance
Hersh Shefrin
Behavioral Science and Scienter in Class Action Securities
Fraud Litigation
Ann Morales Olazábal
Conjoining “Recklessness” in Securities Fraud Cases to
Moral Culpability
Jed S. Rakoff
The Dangers of Missing the Forest: The Harm Caused By
Carol V. Gilden,
VeriFone Holdings
in a
Tellabs
World
Michael B. Eisenkraft,
and Josh Segal
Rewiring the DNA of Securities Fraud Litigation:
Amgen
’s
Missed Opportunity
Geoffrey Rapp
Behavioral Economics and Investor Protection: Reasonable
Investors, Efficient Markets
Barbara Black
Behavioral Economics Applied: Loss Causation
Robert A. Prentice
Foreword by Michael J. Kaufman
Volume 44
Number 5
Summer 2013
Second Annual Institute for Investor Protection Conference:
Behavioral Economics and Investor Protection
October 5, 2012
Special Conference Issue Published By:
Loyola University Chicago Law Journal
Philip H. Corboy Law Center
25 East Pearson Street, Chic go, Illinois
http://www.luc.edu/law/student/publications/llj/index.html
Loyola University Chicago
Law Journal
Pages
1323
1565
Volume 44 | No. 5 | Summer 2013
lch44-5_cv_lch44-5_cv 5/15/2013 2:05 PM Page 2
The
Loyola University Chicago Law Journal
dedicated its Summer 2013 issue to articles from
the Behavioral Economics and Investor Protection Conference.
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L O Y O L A U N I V E R S I T Y C H I C A G O S C H O O L O F L A W
2 0 1 2 – 1 3 D E A N ’ S A N N U A L R E P O R T
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