Stephen Lubben   

Professor Stephen Lubben

Harvey Washington Wiley Chair in Corporate Governance & Business Ethics


 

Stephen J. Lubben, holder of the Harvey Washington Wiley Chair in Corporate Governance & Business Ethics at Seton Hall, is an internationally recognized expert in the field of corporate finance and governance, corporate restructuring, financial distress and debt.

He is the author of a leading corporate finance text and a contributing author to the new Bloomberg Law on Bankruptcy treatise. He is also the In Debt columnist for the New York Times' Dealbook page.

Professor Lubben grew up in west Los Angeles and attended the University of California, Irvine, where he majored in History and minored in Political Science. Following graduation from law school, Professor Lubben clerked for Justice John T. Broderick, Jr. of the New Hampshire Supreme Court. He then practiced in the New York and Los Angeles offices of Skadden, Arps, Slate, Meagher & Flom LLP, where he represented parties in chapter 11 cases throughout the country.

Since joining Seton Hall, Professor Lubben has presented his papers at academic conferences around the world and frequently provides commentary on chapter 11 and related issues for national and international media outlets, including the Wall Street Journal, The New York Times, the Financial Times, Reuters, the Associated Press, Bloomberg, and the BBC.

He frequently advises government officials on potential legislative reforms, and has testified before Congress and the TARP Congressional Oversight Panel. He also is a regular contributor to Credit Slips, a blog started by a small group of bankruptcy experts.

Professor Lubben is a member of the New York and California bars. He is also a fellow of the American College of Bankruptcy and the International Insolvency Institute.

SELECTED PUBLICATIONS

LAW REVIEW ARTICLES


Corporate Bankruptcy Tourists, 70 Bus. Law. 719 (2015) (co-authored with O. Couwenberg)

Essential Corporate Bankruptcy, 16 Eur. Bus. Org. L. Rev. 39 (2015) (co-authored with O. Couwenberg)

The Board’s Duty to Keep Its Options Open, 2015 Ill. L. Rev. 817 (2015)

Puerto Rico and the Bankruptcy Clause, 88 Am. Bankr. L.J. 553 (2014)

Reconceptualizing Lehman, 49 Tex. Int'l L.J. 295 (2014) (co-written with Sarah P. Woo)

A New Understanding of the Bankruptcy Clause, 64 Case W. Res. L. Rev. 319 (2013)

Separation and Dependence: Explaining Modern Corporate Governance, 43 Seton Hall L. Rev. 893 (2013)

Solving Creditor Problems in the Twilight Zone: Superfluous Law and Inadequate Private Solutions, 34 Intl Rev. L. & Econ. 61 (2013) (with Oscar Couwenberg)

CDS and the Resolution of Financial Distress, 24 J. Applied Corp. Fin. 129 (2012) (co-written with Rajesh P. Narayanan)

Chapter 11 as Intrigue: A Review of LoPucki and Doherty's Professional Fees in Corporate Bankruptcies, 28 Banking and Fin. L. Rev. (Canada) 171 (2012) (solicited)

Do Empirical Bankruptcy Studies Matter?, 20 ABI L. Rev. 715 ((2012) (solicited))

Involuntary Creditors and Corporate Bankruptcy, 45 U.B.C. L. Rev. 253 (2012) (co-authored with Stephanie Ben-Ishai)

Resolution, Orderly and Otherwise: B of A in OLA, 81 U. Cin. L. Rev. 485 (2012)

The Chapter 11 Attorneys, 86 Am. Bankr. L. J. 447 (2012)

Transaction Simplicity, 112 Colum. L. Rev. Sidebar 194 (2012) (solicited)

What We "Know" About Chapter 11 Cost is Wrong, 17 Fordham J. of Corp. & Fin. L. 1 (2012)

A Comparative Study of Bankruptcy as Bailout, 6 Brook. J. Corp., Fin. & Com. Law 1 (2011) (co-authored with Stephanie Ben-Ishai)

Chapter 11 in Context: American and Dutch Business Bankruptcy, 85 Am. Bankr. L.J. 63 (2011) (Co-authored with O. Couwenberg)

Financial Institutions in Bankruptcy, 34 Seattle L. Rev. 1259 (2011) (solicited)

Sales or Plans: A Comparative Account of the “New” Corporate Reorganization, 56 McGill L.J. 591 (2011) (Co-authored with Stephanie Ben-Ishai)

The Chapter 11 Financial Advisors, 28 Emory Bankr. Dev. J. 1 (2011)

Repeal the Safe Harbors, 18 A.B.I. L. Rev. 319 (2010)

The Bankruptcy Code Without Safe Harbors, 84 Am. Bankr. L.J. 123 (2010)

The Types of Chapter 11 Cases, 84 Am. Bankr. L.J. 233 (2010)

Accidental Convergence: Corporate Reorganization in Two Federal Systems, 26 Emory Bankr. Dev. J. 33 (2009)

Chapter 11 and Systemic Risk, 82 Temp. L. Rev. 433 (2009) (solicited)

Derivatives and Bankruptcy: The Flawed Case for Special Treatment, 12 U. Pa. J. Bus. L. 61 (2009)

No Big Deal: The GM and Chrysler Cases in Context, 83 Am. Bankr. L.J. 531 (2009)

Corporate Reorganization & Professional Fees, 82 Amer. Bankr. L.J. 77 (2008)

Delaware's Irrelevance, 16 Am. Bankr. Inst. L. Rev. 267 (2008)

Business Liquidation, 81 Am. Bankr. L. J. 65 (2007)

Credit Derivatives & The Future of Chapter 11, 81 Am. Bankr. L.J. 405 (2007)

Choosing Corporate Bankruptcy Counsel, 14 Am. Bankr. Inst. L. Rev. 391 (2006)

Delaware's Duty of Care, 31 Del. J. Corp. L. 589 (2006) (co-written with Alana J. Darnell)

The "New and Improved" Chapter 11, 93 Ky. L.J. 839 (2005) (special, peer-reviewed AALS Section on Creditors' and Debtors' Rights issues)

Beyond True Sales - Securitization and Chapter 11, 1 N.Y.U. J.L. & Bus. 89 (2004)

Out of the Past: Railroads & Sovereign Debt Restructuring, 35 Geo. J. Int'l L. 845 (2004) (written by invitation for Georgetown symposium on sovereign debt restructuring)

Railroad Receiverships and Modern Bankruptcy Theory, 89 Cornell L. Rev. 1420 (2004)

OTHER JOURNAL ARTICLES


The Microeconomics of Chapter 11, Part 1, 4 Int'l. Corp. Rescue 31 (2007)

The Microeconomics of Chapter 11, Part 2, 4 Int'l. Corp. Rescue 87 (2007)

OTHER PUBLICATIONS


The Sale of the Century and Its Impact on Asset Securitization: Lehman Brothers, 27 Am. Bankr. Inst. Journal Vol. 10, page 1 (2009)

The Truth About Detroit's Bankruptcies, Forbes (July 2009) (Op-ed piece)

ABI Chapter 11 Professional Fee Study, (2007)

BOOKS AND BOOK CHAPTERS


Credit Derivatives and the Resolution Of Financial Distress, in THE CREDIT DERIVATIVES HANDBOOK, McGraw-Hill (2008) (Greg N. Gregoriou and Paul U. Ali eds.)

Financial Distress in Emerging Markets, in Emerging Markets: Performance, Analysis And Innovation (2009) (Greg N. Gregoriou ed. Chapman-Hall /Taylor and Francis)

WORKS IN PROGRESS


Chapter 11 "Failure"