Merritt Fox and John Coffee Debate Case Before Supreme Court

Described by the financial press as the most important securities case in the last decade, Columbia Law Professors Merritt Fox and John Coffee will publish dueling points of view on Broudo v. Dura Pharmaceuticals in the February 2005 issue of The Business Lawyer. The case was argued before the U.S. Supreme Court on January 12, 2005.


  1. "Demystifying Causation in Fraud-on-the-Market Actions" by Merritt B. Fox, Michael E. Patterson Professor of Law, Columbia Law School.
  2. "Causation By Presumption? Why the Supreme Court Should Reject Phantom Losses and Reverse Broudo"  by John C. Coffee, Jr.,  Adolf A. Berle Professor of Law and Director of the Center on Corporate Governance, Columbia Law School.