Merritt Fox is the Michael E. Patterson Professor of Law, NASDAQ Professor for the Law and Economics of Capital Markets, and Co-Director of the Center for Law and Economic Studies at the Columbia Law School. He is a graduate of the Yale Law School and also received a Ph.D. in economics from Yale. Prior to entering academia, Professor Fox practiced with the New York City firm of Cleary, Gottlieb, Steen & Hamilton. His teaching and research have centered in the areas of corporate and securities law, law and economics, and international securities regulation and comparative corporate law. His recent work has focused on the regulation of corporate disclosure, the appropriate reach of U.S. securities regulation with respect to transnational transactions, reform of private securities litigation, and the impact of securities and corporate law on the level of innovation in the economy. Professor Fox is past chair of the Business Associations section of the American Association of Law Schools.