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Virginia Law’s Paul Mahoney ’84 To Give Wasserman Lecture April 17

Professor Paul Mahoney ’84 of the University of Virginia School of Law will discuss “The Public Utility Pyramids” at the Bert W. Wasserman Workshop in Law and Finance Thursday, April 17, in Room 113 of Yale Law School. The lecture, sponsored by the Yale Law School Center for the Study of Corporate Law, begins at 12 noon and is open to the public. 

“Congress and commentators in the 1930s thought utility holding companies extracted value from their subsidiaries at the expense of the subsidiaries’ public shareholders,” said Professor Mahoney. “I use historical stock price data to test whether this longstanding perception is accurate. The answer is relevant to current debates in corporate law about whether controlling shareholders add or destroy value.”

Mahoney is the David and Mary Harrison Distinguished Professor of Law at the University of Virginia and co-director of the John M. Olin Program in Law and Economics.  He teaches securities regulation, corporations, corporate finance, contracts, and quantitative methods at the Law School and Introduction to Business Law at the Darden School of Business Administration. He is a past recipient of a university-wide teaching award and the Law School's Traynor Award for excellence in faculty scholarship.

Professor Mahoney previously practiced law with the New York firm of Sullivan & Cromwell and served as law clerk to Judge Ralph K. Winter, Jr. of the U.S. Court of Appeals for the Second Circuit and Justice Thurgood Marshall of the U.S. Supreme Court. He has been a visiting professor at the University of Chicago Law School, the University of Southern California Law School, and the University of Toronto Faculty of Law. He has also worked on legal reform projects in Kazakhstan, Kyrgyzstan, Mongolia, and Nepal.

He holds a B.S. from the Massachusetts Institute of Technology and a J.D. from Yale Law School. 

The Bert W. Wasserman Workshop in Law and Finance was established by Craig Wasserman ’86 in memory and honor of his father, Bert W. Wasserman, a distinguished leader in the field of finance who exemplified the field’s highest professional and ethical standards. The goal of the workshop is to support the study of corporate law and finance by sponsoring workshops and discussion forums for the presentation of current research and the discussion of topical issues in law and finance by faculty from Yale and other universities, government officials and members of the bar.