Richard Squire

Professor Richard Squire has been a member of the Fordham faculty since 2006. He publishes primarily on the subjects of corporate law and corporate bankruptcy, and he has also written articles on antitrust and securities regulation. He has twice been elected Fordham Law School's Teacher of the Year, in 2010 and 2011. He previously taught at Harvard College, where he won the Allyn Young Award for excellence in teaching principles of economics. From 2001 to 2002 he clerked for Judge Robert D. Sack on the U.S. Court of Appeals for the Second Circuit, and between 2002 and 2005 he was an associate with Wachtell, Lipton, Rosen & Katz in New York City.

During the fall semester of 2018, he will be the Karl W. Leo Visiting Professor of Business Law at Duke Law School.

During the fall semester of 2013, he was the Joseph F. Cunningham Visiting Professor of Commercial & Insurance Law at Columbia Law School.

During the 2012-13 school year, he was a Florence Rogatz Visiting Professor of Law at Yale Law School.

Education

• Harvard Law School, JD, magna cum laude, 2001
• Harvard Business School, MBA, 2001
• Bowdoin College, BA, summa cum laude, Phi Beta Kappa, 1993

Representative Publications

Corporate Bankruptcy and Financial Reorganization (Wolters Kluwer 2016)

Distress-Triggered Liabilities and the Agency Costs of Debt, in Research Handbook on Corporate Bankruptcy Law (B. Adler, ed.) (Edward Elgar, forthcoming 2018)

How Does Legal Enforceability Affect Consumer Lending? Evidence from a Natural Experiment, 61 Journal of Law and Economics 673 (2018) (with Colleen Honigsberg and Robert J. Jackson, Jr.)

External and Internal Asset Partitioning: Corporations and their Subsidiaries, in The Oxford Handbook of Corporate Law and Governance (J. Gordon & W. Ringe, eds) (Oxford 2018) (with Henry Hansmann)

Principal Costs: A New Theory for Corporate Law and Governance, 117 Columbia Law Review 767 (2017) (with Zohar Goshen)

The Artificial Collective-Action Problem in Lawsuits Against Insured Defendants, in Research Handbook on the Economics of Insurance Law (D. Schwarcz & P. Siegelman, eds.) (Edward Elgar 2015)

Clearinghouses as Liquidity Partitioning, 99 Cornell Law Review 857 (2014)

Insolvency vs. Illiquidity in the 2008 Crisis and the Congressional Imagination, in Crisi Finanziaria Riposte Normative: Verso un Nuovo Diritto Dell'Economica?, Quderni di Giurisprudenza Commerciale (2014)

How Collective Settlements Camouflage the Costs of Shareholder Lawsuits, 62 Duke Law Journal 1 (2012)

A Market for End-of-the-World Insurance? Credit Default Swaps on US Government Debt, in Is U.S. Government Debt Different? (Franklin Allen et al., eds.) (FIC Press 2012)

Strategic Liability in the Corporate Group, 78 University of Chicago Law Review 605 (2011)

Intraportfolio Litigation, 105 Northwestern University Law Review 1679 (2011) (with Amanda Rose)

Shareholder Opportunism in a World of Risky Debt, 123 Harvard Law Review 1151 (2010)

The Case for Symmetry in Creditors' Rights, 118 Yale Law Journal 806 (2009)

Antitrust and the Supremacy Clause, 59 Stanford Law Review 77 (2006)

Law and the Rise of the Firm, 119 Harvard Law Review 1333 (2006) (with Henry Hansmann and Reinier Kraakman)

The New Business Entities in Evolutionary Perspective, 2005 University of Illinois Law Review 5 (with Henry Hansmann and Reinier Kraakman) (symposium: Uncorporation: A New Legal Age?)