Stephen Choi
- Bernard Petrie Professor of Law and Business
- Director, Pollack Center
- stephen.choi@nyu.edu
- Vanderbilt Hall 308B • 212.992.8962
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Assistant:
David Peer david.peer@nyu.edu
212.992.8165
AREAS OF RESEARCH
Corporate Law, Empirical Legal Scholarship, Empirical Study of Judicial Performance, Law and Finance, Securities Regulation
Stephen Choi joined the NYU School of Law faculty in 2005. From 1998 to 2005, Choi taught at the University of California, Berkeley, School of Law, where he was the Roger J. Traynor Professor of Law. Prior to that, he taught as an assistant professor at the University of Chicago Law School from 1996 to 1998. He graduated first in his class from Harvard Law School in 1994—where he served as a legal methods instructor and supervising editor of the Harvard Law Review—and received his PhD in economics from Harvard in 1997. Choi has been a recipient of the Fay Diploma, the Sears Prize, and the Irving Oberman Memorial Award. He has also held John M. Olin, Jacob K. Javits, and Fulbright fellowships. After his graduation from law school, Choi worked as an associate at McKinsey & Company in New York. His research interests focus on the theoretical and empirical analysis of corporations and capital markets. He has published in the Yale Law Journal, Stanford Law Review, University of Chicago Law Review, Michigan Law Review, Southern California Law Review, Duke Law Journal, University of Pennsylvania Law Review, and Virginia Law Review, among others, and has presented papers at numerous conferences and symposia.
The Securities Enforcement Empirical Database
Courses
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Survey of Securities Regulation
This course offers an intensive introduction to the federal securities laws, covering the Securities Act of 1933 and parts of the Securities Exchange Act of 1934. The course explores the elaborate disclosure obligations that this country imposes on the distribution and trading of investment securities. Topics to be covered include the preparation of disclosure documents, exemptions from disclosure requirements, the relationship between disclosure obligations and antifraud rules, and the duties of participants in securities transactions. In the past, most students have taken this course in preparation for corporate practice, but the subject has also been of interest to those concerned with the development of the modern regulatory state, as exemplified by the evolution of federal securities laws under the Securities and Exchange Commission.
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Topics in Corporate and Securities Law Seminar
This seminar is designed for students interested in research in corporate or securities laws leading to substantial written work. The seminar will discuss both legal academic writing as well as possible research topics. We will have one or two guest speakers present their academic scholarship during the semester. Students will be expected to make presentations of their work at the end of the semester. There is no final exam but all students must submit a written paper.
Publications
- "Choosing the Next Supreme Court Justice: An Empirical Ranking of Judge Performance," 78 S. Cal. L. Rev. 23 (2004) (with G. Mitu Gulati)
- "Behavioral Economics and the SEC," 56 Stan. L. Rev. 1 (2003) (with A.C. Pritchard)
- "How to Fix Wall Street: A Voucher Financing Proposal for Securities Intermediaries," 113 Yale L.J. 269 (2003) (with Jill E. Fisch)
- "Internalizing Outsider Trading," 101 Mich. L. Rev. 313 (2002) (with Ian Ayres)
- "Proxy Issue Proposals: Impact of the 1992 SEC Reforms," 16 J.L. Econ. & Org. 233 (2000)
Education
- PhD (Economics), Harvard University, 1997
- JD, Harvard Law School, magna cum laude, 1994
- AB (Economics), Harvard College, magna cum laude, 1988
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