Safe Harbors in the Shadows: Extending 10b5-1 Plans to Cover Shadow Trading

September 13, 2023

Professor Karen Woody joined from Washington and Lee University School of Law to discuss her paper regarding shadow trading: Safe Harbors in the Shadows: Extending 10b5-1 Plans to Cover Shadow Trading.

Michigan State Professors Geeyoung Min and Jim Chen and University of Michigan Professor William Thomas joined us to comment on Professor Woody’s paper.

Symposium Speakers

  • Professor Karen Woody

    Karen Woody is a an Associate Professor of Law at Washington and Lee School of Law, where scholarship focuses on securities law, financial regulation, and white collar crime. Prior to entering academia, she practiced law in Washington, D.C. at Cadwalader, Wickersham & Taft LLP, Bracewell LLP, and Skadden, Arps, Slate, Meagher & Flom LLP. In her practice, she advised corporate and individual clients on issues related to white collar crime and compliance issues, with a particular focus on international corruption, securities and accounting fraud, and internal corporate investigations. She received her LL.M. with distinction in Securities and Financial Regulation from Georgetown University Law Center. She received her J.D. from American University Washington College of Law, where she served on the American University Law Review. She also has a graduate degree in theology from Regent College (Vancouver, B.C.), and a B.A. from the University of Virginia.

  • Professor Will Thomas

    Will Thomas is an Assistant Professor of Business Law at the Stephen M. Ross School of Business at the University of Michigan, whose research explores the normative and conceptual foundations of corporate and white-collar crime. Professor Thomas writes on issues of corporate agency, legal personhood, and theories of punishment. His scholarship appears in the Fordham Law Review, Arizona State Law Journal, Journal of Corporation Law, and Vanderbilt Law Review, among other journals. He frequently comments on issues of criminal law and business, having appeared in media outlets including the Financial Times, Los Angeles Times, Wall Street Journal, and the Washington Post. Professor Thomas earned both his PhD in philosophy and his JD from the University of Michigan. He holds a BA from Columbia University.

  • Professor Geeyoung Min

    Geeyoung Min is an associate professor at the Michigan State University College of Law. Professor Min’s research focuses on issues of corporate law and governance with both doctrinal and empirical emphases. While her primary focus is on publicly traded companies in the US, her research also involves comparative analyses of corporate law and governance in other countries, particularly those in East Asia. She is a co-editor of the European Corporate Governance Institute (ECGI) Spotlight Series and a co-founder of Trans-Pacific Business Law Academic Webinars (TBLAW). Professor Min received her B.A. in anthropology and B.L. in law from Seoul National University, followed by her LL. M. and J.S.D. from Yale Law School.

  • Professor James Chen

    James Ming Chen is a Professor of Law at Michigan State and holds the Justin Smith Morrill Chair in law. His legal scholarship spans topics such as administrative law, agricultural law, constitutional law, economic regulation, environmental law, industrial policy, legislation, and natural resources law. Much of his recent work emphasizes computational social science, especially the application of machine learning to problems in law, economics, and mathematical finance.

  • Dean Linda Sheryl Greene

    Dean Greene’s teaching and academic scholarship focus on Constitutional Law, Civil Procedure, Legislation, Civil Rights, and Sports Law. She received her B.A. in Health Education from California State University-Long Beach, her J.D. from the University of California-Berkeley, and a Certificate in Public International Law from The Hague Academy of International Law. She is a member of the California Bar. The American Law Institute elected her to membership in 1991 and inducted her as a life member in 2016.