Business Associations: A Systems Approach

Andrew Verstein

Andrew Verstein is a Professor of Law at UCLA School of Law and teaches Business Associations, Contracts, and Securities Litigation. His research lies in market abuse (such as market manipulation and insider trading), fintech, corporate governance, financial indices and benchmarks, and legal theory  He has previously taught at East China University of Political Science and Law, Fudan University, the University of Chicago Law School, Wake Forest University of Law, and the Yale Law School.
 
Professor Verstein received his A.B summa cum laude at Dartmouth College and his J.D.  at Yale Law School. He is a member of the American Law Institute and has been quoted in news media such as the Wall Street Journal and The Financial Times.
 
Verstein’s recent publications have appeared in the Michigan Law Review, the Northwestern University Law Review, the Southern California Law Review, the Virginia Law Review, the University of Chicago Law Review, and the Yale Law Journal. He is the author, with Lynn M. LoPucki, of Business Associations: A Systems Approach (Aspen Casebook Series 2020).

Lynn M. LoPucki

Lynn M. LoPucki teaches Business Associations, Secured Transactions, and Comparative Corporate Law. He founded the UCLA-LoPucki Bankruptcy Research Database (BRD) in 1994 and continues to direct it. The BRD collects data on large, public company bankruptcies and disseminates it to bankruptcy researchers throughout the world.

LoPucki is an empiricist who writes on a wide variety of subjects. His current project, Repurposing the Corporation, is about corporate purpose and social responsibility. His book, Business Associations: A Systems Approach (forthcoming Aspen Casebook Series 2020) (with Andrew Verstein), will be the first business associations casebook to be organized functionally rather than by entity type. His most recently published articles have been on methodology in comparative corporation law (A Rule-Based Method for Comparing Corporate Laws), regulatory competition among the states to sell corporate charters (Corporate Charter Competition), and charter competition as an accelerant of the threat to humanity from artificial intelligence (Algorithmic Entities). LoPucki has written on legal strategy, court system transparency, the application of systems analysis in law, and the impact of judgment-proofing on civil liability. He has published empirical studies on the bankruptcy system, the UCC filing system, the law faculty hiring system, and other subjects.

BRD data provided the foundation for two of Professor LoPucki’s books, Courting Failure: How Competition for Big Cases is Corrupting the Bankruptcy Courts (University of Michigan Press, 2005) and Professional Fees in Corporate Bankruptcies: Data, Analysis, and Evaluation (Oxford University Press, 2011) (with Joseph Doherty). His writings have been published in the Yale Law Journal, Stanford Law Review, University of Chicago Law Review, University of Michigan Law Review, University of Pennsylvania Law Review, Virginia Law Review, Cornell Law Review, Duke Law Journal and Northwestern University Law Review and many others. VisiLaw, a system developed by LoPucki for marking statutes to make them easier to read, was nominated for an HIIL Innovating Justice Award in 2012. Two annual statutory supplements are now published with VisiLaw markings.

Professor LoPucki uses an empirically based systems approach for policy analysis. He has proposed public identities as the solution to identify theft, court system transparency as the solution to judicial bias, and an effective filing system as the solution to the deceptive nature of secured credit. Professor LoPucki is co-author of two widely used law school casebooks: Secured Transactions: A Systems Approach (with Elizabeth Warren and Robert M. Lawless, 9th edition, 2020) and Commercial Transactions: A Systems Approach (with Elizabeth Warren, Daniel L. Keating, and Ronald Mann, 7th edition, 2020); a leading practice manual: Strategies for Creditors in Bankruptcy Proceedings (with Christopher R. Mirick, 6th edition, 2015); and, a popular series of bankruptcy procedure flow charts: Bankruptcy Visuals. LoPucki’s &"Death of Liability” thesis—propounded in a Yale Law Journal article in 1996—has been featured in casebooks in several fields. He is a member of the American College of Bankruptcy and the International Insolvency Institute.

Professor LoPucki was a member of the Cornell Law School faculty before coming to UCLA in 1999.