Michael Klausner
Nancy and Charles Munger Professor of Business and Professor of Law

Publications & Cases

Recent Publications

Bernard S. Black, Brian R. Cheffins, and Michael Klausner, Shareholder Suits against Korean Directors, in Korean Business Law, Hwa-Jin Kim, editor, Cheltenham, UK: Edward Elgar, 2012.
Bernard S. Black, Brian R. Cheffins, and Michael Klausner, Shareholder Suits and Outside Director Liability: The Case of Korea, 10 Journal of Korean Law 325 (2011).
Ronald Gilson and Michael Klausner, That's My Money You're Using Forbes Magazine, March 29, 2010, pg. 28.
Michael Klausner and Jason Hegland, When are Securities Class Actions Dismissed, When Do They Settle, and For How Much? - Part II, 23 Professional Liability Underwriting Society (March 2010).
Michael Klausner and Jason Hegland, How Protective is D&O Insurance in Securities Class Actions? - Part I, 23 Professional Liability Underwriting Society Journal (February 2010). Also posted to SSRN as Stanford Law School, Law & Economics Research Paper Series, v. 14, no. 3.
Michael Klausner, Are Securities Class Actions 'Supplemental' to SEC Enforcement? Working Paper (July 2009).
Michael Klausner, A Tradable Obligation Approach to the Community Reinvestment Act, Stanford Law and Economics Olin Working Paper, No. 375 (May 2009).
Robert M. Daines and Michael Klausner, Economic Analysis of Corporate Law, in The New Palgrave Dictionary of Economics, Lawrence E. Blume and Stephen Durlauf, eds., New York: Macmillan, 2nd ed., 2008.
Michael Klausner, Analysis Reveals Low Director Liability Risk (Special Report: Risk and Liability), Directorship, June/July 2007, p. 23.
Michael Klausner, Reducing Directors' Legal Risk, Harvard Business Review, April 2007, p. 28
Ronald Gilson, Victor Goldberg, Michael Klausner, and Daniel Raff. Building Foundations For A Durable Deal, Financial Times, October 12, 2006.
Michael Klausner, The Contractarian Theory of Corporate Law: A Generation Later (Symposium: Robert Clark's Corporate Law: Twenty Years of Change), 31 Journal of Corporation Law 779 (2006).
Michael Klausner, Outside Director Liability, Stanford Law and Economics Working Paper, no. 319 (2006). (with Bernard S. Black and Brian R. Cheffins)
Michael Klausner, Outside Director Liability, 58 Stanford Law Review 1055 (2006). (with Bernard Black and Brian Cheffins)
Michael Klausner, Outside Director Liability: A Policy Analysis, 162 Journal Of Institutional And Theoretical Economics 5 (2006). (with Bernard S. Black and Brian R. Cheffins)
Michael Klausner, Outside Director Liability Risk: How Much Did WorldCom and Enron Change the Rules? Bloomberg Law Reports – Corporate Governance, July 2005, p. 1, 8-11. (with Bernard S. Black and Brian Cheffins)
Bernard Black, Brian Chefins, and Michael Klausner, Why Directors' Damages May Harm Investors, Financial Times (January 20, 2005). p. 19.
Michael Klausner, Liability Risk for Outside Directors: A Cross-Border Analysis, 11 European Financial Management Journal 153 (2005). (with Bernard S. Black and Brian R. Cheffins)
Michael Klausner, The Limits of Corporate Law in Promoting Good Corporate Governance In Restoring Trust In American Business, Jay W. Lorsch, Leslie Berlowitz & Andy Zelleke eds., Cambridge, MA: MIT Press, 2005.
Michael Klausner, Outside Directors' Liability: Have WorldCom and Enron Changed the Rules? Stanford Lawyer, Winter 2005, p. 36.

klausner@stanford.edu

650 723.6433

Curriculum Vitae

Education:

BA University of Pennsylvania 1976
MA (economics) Yale University Graduate School of Arts and Sciences 1981
JD Yale Law School 1981

Expertise:

Banking and Financial Institutions
Business and Corporate Law
Corporate Governance
Law and Economics
Nonprofit Organizations