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John C. Coffee Jr. is the Adolf A. Berle professor of law at Columbia Law School and the director of its Center on Corporate Governance, writes that Rule 14d-10 provides a contemporary example of a classic legal phenomenon: a doctrinal concept expanding to the limits of its logic (and possibly beyond) so that, rather than regulating an activity or transaction, it instead discourages it.
November 18, 2004 at 12:00 AM
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