Francis G. Pileggi Distinguished Lecture In Law The Journal hosts the Annual Francis G. Pileggi Distinguished Lecture in Law. This lecture series, held in Wilmington, Delaware, is presented to the Delaware Bench and Bar and focuses on developing issues in the area of corporate law. The lecturer is always a leading voice in the field of corporation law, and the lecture provides the Delaware Bar, particularly the members of the bench on both the Court of Chancery and the Supreme Court, an opportunity to challenge academia with practical concerns. THIS YEAR: THE DELAWARE JOURNAL OF CORPORATE LAW WELCOMES PROFESSOR EDWARD ROCK THE 2009-2010 FRANCIS G. PILEGGI DISTINGUISHED LECTURER IN LAW. October 9, 2009 - The Hotel du Pont, Wilmington, DE   TOPIC: When the Government is the Controlling Shareholder: Implications for Delaware     ABSTRACT: As a result of the bailouts that began in the fall of 2008, the Emergency Economic Stabilization Act of 2008, and Troubled Assets Relief Program, and its various subprograms, the United States Government now owns a large portfolio of equity positions in Delaware corporations, including controlling positions in AIG, Citigroup, GM, and GMAC.  Corporate law provides a complex and comprehensive set of standards of conduct governing the behavior of controlling shareholders.  When the Treasury is the controlling shareholder, doctrines of “sovereign immunity” replace many of these existing “private law” structures of accountability with federal “public law” norms.  In this lecture, I examine Delaware’s place in this new legal landscape.  BIOGRAPHY: Professor Rock's prominence as an influential and powerful thinker in corporate law was recognized in the fall of 2001 with his designation as the Inaugural Saul A. Fox Distinguished Professor of Business Law. The Saul A. Fox Distinguished Professorship, and the associated Saul A. Fox Research Fund, were established in 2001 with a gift of $4 million from the Winding Way Foundation of the Jewish Community Foundation’s Endowment Fund. The gift, in honor of Saul A. Fox, a 1978 graduate of the Law School, is historic in that it was the largest single gift to establish a chaired professorship in the history of the University of Pennsylvania. In addition to teaching and research, Professor Rock applies his well-honed expertise to co-directing Penn's Institute for Law and Economics, shaping the Institute's programs in corporate governance. With Michael Wachter, he serves as convener and moderator for nationally known roundtable conferences that bring together eminent legal scholars, practitioners, judges and policy makers. Professor Rock's publication record reflects this confluence of "real world" issues and legal theory; he has written widely on topics including: mergers and acquisitions; international venture capital; the role of institutional investors in corporate governance; close corporations; the role of norms in corporate law; the overlap between corporate law and antitrust; the overlap between corporate law and labor law; comparative corporate law; and the regulation of mutual funds. Professor Rock holds bachelor's degrees from Yale University and the University of Oxford, and a J.D. from the University of Pennsylvania, where he served as editor for the University of Pennsylvania Law Review.  He formerly served as a visiting professor at the Hebrew University of Jerusalem and Columbia University Law School. Past Pileggi Lecturers include: 2008-2009: Professor Eric Talley 2007-2008: Professor Mark J. Roe 2006-2007: Professor Hillary A. Sale 2005-2006: Professor Stephen Bainbridge 2004-2005: Professor Melvin A. Eisenberg 2003-2004: Professor Robert B. Thompson 2002-2003: Dean Harry J. Haynsworth 2001-2002: Professor Lynn A. Stout 2000-2001: Professor Charles M. Elson 1999-2000: Professor Ronald J. Gilson 1998-1999: Professor Larry E. Ribstein 1997-1998: Dean Joel Seligman 1996-1997: Robert R. Keatinge, Esquire 1995-1996: Professor Donald D. Langevoort 1994-1995: Professor John C. Coffee, Jr. 1993-1994: The Honorable Henry R. Horsey 1992-1993: Professor Deborah A. DeMott 1991-1992: Professor Richard M. Buxbaum 1990-1991: Lawrence J. Bugge, Esquire1989-1990: A.A. Sommer, Jr., Esquire 1988-1989: Professor Harvey L. Pitt 1987-1988: Professor Louis Loss 1986-1987: The Honorable Ralph K. Winter, Jr. 1985-1986: Professor Robert W. Hamilton.   .......................................