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Washington University in St. Louis News & Information > Faculty Experts at Washington University in St. Louis >

Professor of Law
Expertise: corporate finance, corporations, financing transactions, mergers and acquisitions, property law, securities regulation, corporate law, corporate governance, corporate governance reform, corporate control, executive compensation, mandatory disclosure, the theory of the firm, behavioral economics, regulated industries
Bio:
Paredes' expertise focuses on issues relating to securities regulation, corporate governance, corporate control, and the role of the corporation in society. He is the new co-author of the leading securities law treatise (with Louis Loss and Joel Seligman) and has written extensively on the concern that securities markets and corporate conduct will be overregulated in the post-Enron and post-Sarbanes-Oxley era.
WUSTL Contact Information:
| Work: | (314) 935-8216 |
| Fax: | (314) 935-5356 |
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Education:
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A.B. in Economics at University of California at Berkeley
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J.D. at Yale University

| News Stories & Tip Sheets: |
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Intellectual property and bankruptcy law reform
 Push toward creditor protectionism may damage intellectual property rights; special purpose entities are ?essential?

May 4,
2004 -- The rise of corporate bankruptcies over the last few years has prompted legislators and academics alike to push for bankruptcy law reform. Fearing the death of legal liability, these reformers are calling for increased creditor protectionism through the weakening of limited liability and the reversal of "judgment proof" transactions such as the creation of special purpose entities (SPE) commonly used for the sequestering of assets. "Letting intellectual property (IP) assets slip into a bankruptcy estate is a dangerous idea," says Troy Paredes, associate professor of law at Washington University in St. Louis.

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Bankruptcy fallout
 Consequences of corporate failure to be discussed at the F. Hodge O'Neal Corporate and Securities Law Symposium at the School of Law April 2

March 12,
2004 --
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The United States' recent economic slowdown has been punctuated by some of the largest bankruptcies in history, including Enron and WorldCom. Leading academics and prominent practitioners will examine the fallout of these bankruptcies at the F. Hodge O'Neal Corporate and Securities Law Symposium April 2 at the Washington University School of Law.

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Lawyers as whistleblowers
 Controversial Sarbanes-Oxley provision important part of corporate reform

Sept. 5,
2003 --
With the final provision of Sarbanes-Oxley now in effect, lawyers are required to report corporate wrongdoing. Although many lawyers are concerned that this may breach attorney/client privilege, Troy Paredes, associate professor of law at the Washington University School of Law, says, "The requirement that lawyers report 'up the ladder' if they are aware of a material violation is an important part of the Sarbanes-Oxley reforms." Paredes notes that lawyers are an important gatekeeper that the market depends on to help oversee management.

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Senate Approves Nominees to SEC, Federal Reserve
The Wall Street Journal
and 3 others

June 30,
2008 -- The Senate cleared three nominees to the Securities and Exchange Commission, agreeing by unanimous consent to confirm Luis Aguilar, Elisse Walter and Troy Paredes. WUSTL law professor Troy Paredes will serve a full five-year term ending in June 2013 and will succeed Paul Atkins, a Republican commissioner.

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Bush to Nominate Paredes to SEC
The Wall Street Journal
and 2 others

May 8,
2008 -- The Bush administration nominated WUSTL law professor Troy Paredes to fill a Republican commissioner slot at the Securities and Exchange Commission.

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President Bush to nominate Paredes for SEC commissioner post
Associated Press
and 20 others

May 7,
2008 -- President Bush intends to nominate WUSTL law school professor Troy Paredes to fill a Republican member vacancy of the Securities and Exchange Commission. Paredes has taught securities regulation, corporate governance and other subjects at WUSTL since 2001.

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Additional Background: Prior to joining the faculty, Paredes was an associate at Irell & Manella LLP, Steptoe & Johnson LLP and O'Melveny & Meyers LLP in Los Angeles. He has served as an extern to the California Commissioner of Corporations and to U.S. Court of Appeals, Ninth Circuit Judge Cynthia Holcomb Hall.
Forthcoming Publications:
- "Blinded by the Light: Information Overload and its Consequences for Securities Regulation" Washington University Law Quarterly
- "Enron: The Board, Corporate Governance, and Some Thoughts on the Role of Congress", Enron: Corporate Fiascos and Legal Implications (Foundation Press, 2003)
- "The Firm and the Nature of Control: Toward a Theory of Takeover Law", Journal Of Corporation Law
- "A Systems Approach to Corporate Governance Reform: Why IMporting U.S. Corporate Law Isn't the Answer" William & Mary Law Review
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