June 9, 2009
Professor Judd Sneirson’s Article Chosen to Appear in Corporate Practice Commentator
Oregon Law Professor Judd Sneirson‘s article, “Soft Paternalism for Close Corporations: Helping Shareholders Help Themselves,” has been chosen for reprinting in the Corporate Practice Commentator periodical.
“Soft Paternalism,” which originally appeared in volume 2008 of the Wisconsin Law Review, draws on the theory developed by economist Richard Thaler and legal scholar Cass Sunstein that individuals are imperfect and sometimes can use a “nudge” to help them reach decisions that are in their best interest. The article applies this theory to the problem of minority shareholder oppression in close corporations and makes soft-paternalistic suggestions to encourage less sophisticated incorporators to protect themselves against squeeze and freeze outs.
The Commentator, now in its 50th year, is designed to bring reliable information to corporate lawyers and business executives on recent developments and new thinking in the field of corporation law and practice.