Lin (Lynn) Bai

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Professor Bai joined the College of Law faculty in 2007, after a decade working in the areas of corporate finance and securities law in New York and Hong Kong. She was a corporate lawyer with O’Melveny & Myers and an investment banker with Oppenheimer & Co. before joining the Transpacific Financial Corporation.  She then moved to Hong Kong as a senior manager for the Hong Kong Securities and Futures Commission. 

In addition to teaching in the area of corporate finance, Professor Bai engages in analyses of securities and financial regulation.  Her article, There are Plaintiffs, and . . . There are Plaintiffs: An Empirical Analysis of Securities Class Action Settlements (co-authored with James D. Cox and Randall S. Thomas), was selected as one of the “Top 10 Corporate and Securities Articles of 2008” by Corporate Practice Commentator.  Professor Bai also frequently serves as a referee for contributions submitted to The Journal of Legal Studies and to the Journal of Law, Economics, and Policy.

Professor Bai was awarded an LL.M from Pennsylvania State University Dickinson School of Law in 1987 and her J.D. from the University of Texas School of Law in 1990.  She returned to the United States and received a Ph.D. in Finance from Duke University in 2006.

BA (equivalent), Beijing University
LLM, Pennsylvania State University, the Dickinson School of Law
JD, University of Texas at Austin 
PhD, Duke University

• Contemporary Issues in Business Regulation
• Corporate Finance
• Property

• Lying and Getting Caught: An Empirical Study of the Effect of Securities Class Action Settlements on Targeted Firms, 158 U. Pa. L. Rev. ___ (2010) (with James Cox and Randall Thomas)
• On Regulating Conflict of Interests in the Credit Rating Industry, 13 N.Y.U. J. Legis. & Pub. Pol'y ___ (2010)
• Deterring “Double-Play” Manipulation in Financial Crisis: Increasing Transaction Cost as a Regulatory Tool, 35 N.C. J. Int’l L. & Com. Reg. 137 (2009) (with Rujing Meng)
• Do Differences in Pleading Standards Cause Forum Shopping in Securities Class Actions? Doctrinal and Empirical Analyses, 2009 Wis. L. Rev. 421 (2009) (with James D. Cox & Randall S. Thomas)
• There Are Plaintiffs and . . . There Are Plaintiffs: An Empirical Analysis of Securities Class Action Settlements, 61 Vand. L. Rev. 355 (2008) (with James D. Cox & Randall S. Thomas)
• The Uptick Rule of Short Sale Regulation—Can It Alleviate Downward Price Pressure from Negative Earnings Shocks?, 5 Rutgers Bus. L.J. 1 (2008)

• The Role of Institutional Lead Plaintiffs in Securities Class Actions, Conference on the Future of Securities Fraud Litigation, Financial Economics Institute
  Claremont McKenna College, Claremont, CA (Feb. 2008)
• Should Institutions Lead Securities Class Actions?—Empirical Evidence, University of Pittsburgh, School of Law (Jan. 2008)
• The Uptick Rule of Short Sale Regulation—Can It Alleviate Downward Price Pressures from Negative Earnings Shocks?, 24th Annual European Association of Law and Economics, Copenhagen, Denmark (Sept. 2007)
• Cross-Margining between Futures and Options, Conference on Financial Futures, Changsha, China (Nov. 1997)