David Webber

Professor of Law

Areas of Interest
Civil Procedure, Corporate, Business & Transactional Law, Mergers & Acquisitions, Securities, Shareholder Activism & Litigation
Contact
Biography

David H. Webber is the author of a forthcoming book about labor’s shareholder activism, The Rise of the Working Class Shareholder: Labor’s Last Best Weapon, to be published by Harvard University Press in 2018. He is a leading expert on securities law and corporate governance. He has published articles in the New York University Law Review, the Northwestern University Law Review, and the Journal of Corporation Law, and has presented his research at the Harvard Stanford Yale Junior Faculty Forum, the Conference on Empirical Legal Studies, and the American Law and Economics Association conference, among others. Webber has published op-eds in the Washington Post, the Chicago Tribune, and Reuters, and has been interviewed by television, radio, and print media, including Nightly Business Report, NPR’s Marketplace, Knowledge@Wharton Business Radio, Agence France-Presse, Reuters, and others.

He is the winner of Boston University School of Law’s 2017 Michael Melton Award for Teaching Excellence.

Professor Webber’s assistant is Kristen Queenan. She can be reached at kqueenan@bu.edu or 617-353-3143.

Publications
  1. David Webber, The Rise of the Working Class Shareholder: Labor’s Last Best Weapon, Harvard University Press (forthcoming).
  2. David Webber, "Lead Plaintiffs and Lead Counsel in Deal Litigation," in Research Handbook on Mergers & Acquisitions 319, Claire A. Hill & Steven D. Solomon, eds., Edward Elgar (2016). Publisher
  3. David Webber & Adam Badawi, "Does the Quality of the Plaintiffs’ Law Firm Matter in Deal Litigation?" 41 Journal of Corporation Law 359 (2015).
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  4. David Webber, "Shareholder Litigation Without Class Actions," 57 Arizona Law Review 201 (2015).
    SSRN | HeinOnline (BU) | HeinOnline
  5. David Webber, "Private Policing of Mergers & Acquisitions: An Empirical Assessment of Institutional Lead Plaintiffs in Transactional Class and Derivative Actions," 38 Delaware Journal of Corporate Law 907 (2014).
    SSRN | HeinOnline (BU) | HeinOnline
  6. David Webber, "The Use and Abuse of Labor's Capital," 89 New York University Law Review 2106 (2014).
    SSRN | HeinOnline (BU) | HeinOnline
  7. David Webber, "The Plight of the Individual Investor in Securities Class Actions," 106 Northwestern University Law Review 157 (2012).
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  8. David Webber, "Is 'Pay-to-Play' Driving Public Pension Fund Activism in Securities Class Actions? An Empirical Study," 90 Boston University Law Review 2031 (2010). Reprinted in 2011 Securities Law Review § 5:1 and in 53:1 Corporate Practice Commentator 219 (2011).
    SSRN | HeinOnline (BU) | HeinOnline
Courses

4 credits

This course offers an introduction to federal securities regulation under the Securities Act of 1933 and the Securities Exchange Act of 1934. We will examine how the securities laws shape the process by which companies raise capital through IPOs, public offerings, and private placements. We will also focus on the mandatory disclosure regime for publicly traded companies and the related topics of securities fraud, insider trading, market manipulation, and shareholder voting. We will study core concepts such as the definition of a security and materiality. Finally, we will spend significant time examining the role of the SEC and private shareholder litigation in policing the securities laws. PREREQUISITE/COREQUISITE: Business Fundamentals is a prerequisite; Corporations is a corequisite. GRADING NOTICE: This course does not offer the CR/NC/H option.

FALL 2016: LAW JD 883 A1 , Sep 6th to Dec 8th 2016
Days Start End Credits Instructors Bldg Room
Tue,Thu 10:40 am 12:40 pm 4 David H. Webber LAW 605
SPRG 2018: LAW JD 883 A1 , Jan 16th to Apr 24th 2018
Days Start End Credits Instructors Bldg Room
Tue,Thu 10:40 am 12:40 pm 4 David H. Webber

3 credits

The recent rise of shareholder activism has become one of the most important topics for investors, corporate managers, and lawyers, transforming the way that public companies are run. Investment funds of all types have turned to activist strategies, including hedge funds, mutual funds, pension funds, labor union funds, religious orders, and charitable foundations. These shareholders are no longer content to passively defer to senior managers and boards of directors while quietly collecting their dividends and hoping for share price appreciation. Some may demand specific business changes, others demand across-the board governance reforms, and still others may pursue environmental or social objectives. This course will explore the various forms of shareholder activism, and corporate responses to them. We will examine the debate over proxy access, say-on-pay initiatives, majority voting for directors, the corporate governance reform movement, corporate political activity, socially responsible investing, and shareholder litigation. In examining these issues we will discuss the costs and benefits of such activism. Students will also develop an appreciation for the institutional players that drive this activism, and for those that oppose it. Students should expect to hear from several guest speakers from all sides of the shareholder activist debate. PREREQUISITE: Corporations and Business Fundamentals (may be waived with instructor's permission). LIMITED WRITING REQUIREMENT OPTION: A limited number of students may be permitted to satisfy the upper-class writing requirement with the approval of the instructor. GRADING NOTICE: This class does not offer the CR/NC/H option. ** A student who fails to attend the initial meeting of a seminar (designated by an (S) in the title), or to obtain permission to be absent from either the instructor or the Registrar, may be administratively dropped from the seminar. Students who are on a wait list for a seminar are required to attend the first seminar meeting to be considered for enrollment.

SPRG 2018: LAW JD 928 A1 , Jan 16th to Apr 24th 2018
Days Start End Credits Instructors Bldg Room
Tue 2:10 pm 4:10 pm 3 David H. Webber
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