Todd Henderson headshot

Michael J. Marks Professor of Law
University of Chicago Law School

M. Todd Henderson is the Michael J. Marks Professor of Law at the University of Chicago Law School. Professor Henderson’s research interests include corporations, securities regulation, and law and economics. He has taught classes ranging from Banking Regulation to Torts to American Indian Law.

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Rakoff, part deux

Judge Jed Rakoff just approved a settlement between the SEC and Bank of America in a dispute about the disclosures made to shareholders during Bank of America’s acquisition of Merrill Lynch. This is significant becasue Rakoff causes a minor kerfuffle last year when he rejected a similar deal (although for only $33 million in fines compared with the $150 million agreed to today). In approving the settlement, Rakoff called it “half-baked justice,” among other things. For my take on the earlier decision to reject the settlement, see this essay published in the excellent periodical, Wall Street Lawyer. (It is reprinted at the link with their permission.)

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