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The Center on Lawyers, Civil Justice, and the Media

About the Authors

Bernard S. Black Photo

Bernard S. Black is Hayden W. Head Regents Chair for Faculty Excellence at University of Texas Law School, Professor of Finance at University of Texas, McCombs School of Business, co-director of the Center for Law, Business and Economics at the University of Texas, and managing director of the Social Science Research Network and its subnetwork, the Legal Scholarship Network. Professor Black received his B.A. from Princeton University, M.A. in physics from University of California at Berkeley and J.D. from Stanford Law School. He clerked from Judge Patricia M. Wald on the United States Court of Appeals for the District of Columbia Circuit, practiced corporate and securities law at Skadden, Arps, Slate, Meagher & Flom in New York City, and served as Counsel to Commissioner Joseph Grundfest of the U.S. Securities and Exchange Commission. He has also been Professor of Law at Stanford Law School (1998–2004) and Columbia Law School (1988–1998). He has been an advisor on company law, securities law, and corporate governance in Armenia, Brazil Indonesia, Korea, Mongolia, Russia, Ukraine, and Vietnam. He has published several books and numerous articles in law, finance and economics journals, principally in the areas of corporate and securities law, international corporate governance, corporate acquisitions, and corporate finance. His recent articles and working papers are available at His books include The Law and Finance of Corporate Acquisitions (2nd ed., with Ronald Gilson, 1995 and supplement 2003) and Guide to the Russian Law on Joint Stock Companies (with Reinier Kraakman and Anna Tarassova (1998).

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David Hyman Photo

David A. Hyman is a Professor of Law and Medicine at the University of Illinois. He teaches health care regulation, civil procedure, insurance law, law & economics, professional responsibility, and tax policy. He has published articles on a wide variety of issues, but focuses his research on the regulation and financing of health care. While serving as Special Counsel to the Federal Trade Commission, Professor Hyman was principal author and project leader for the first joint report ever issued by the Federal Trade Commission and Department of Justice, titled "Improving Health Care: A Dose of Competition." Professor Hyman is a member of the Illinois and District of Columbia bars and the American Law Institute. He is also an adjunct scholar at the Cato Institute. He has a B.A. (1983), J.D. (1989), and M.D. (1991) from the University of Chicago.

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William Sage Photo

William M. Sage, MD, JD is Professor of Law at Columbia University, where he teaches courses in health law, antitrust, regulatory theory, and the professions. He currently serves as principal investigator for the Project on Medical Liability in Pennsylvania, a 3-year program of medical malpractice policy research funded by The Pew Charitable Trusts. Prof. Sage has published more than 50 articles in a variety of legal, health policy, and clinical journals. He is an elected fellow of the Hastings Center on bioethics, a recipient of an Investigator Award in Health Policy Research from the Robert Wood Johnson Foundation, and a member of the editorial board of Health Affairs. Prof. Sage received his A.B. from Harvard College in 1982 and his medical and law degrees from Stanford University in 1988. He completed internship at Mercy Hospital and Medical Center in San Diego, and served as a resident in anesthesiology and critical care medicine at the Johns Hopkins Hospital. Prior to joining the Columbia faculty in 1995, Prof. Sage practiced corporate and securities law at O'Melveny & Myers in Los Angeles and, in 1993, headed four working groups of the White House Task Force on Health Care Reform.

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Charles Silver Photo

Charles Silver holds the Roy W. and Eugenia C. McDonald Endowed Chair in Civil Procedure and is Co-Director of the Center on Lawyers, Civil Justice, and the Media at the University of Texas School of Law. He received a B.A. in political science from the University of Florida in 1979, followed by an M.A. in political science from the University of Chicago in 1981. During 1983–1984, he served as Managing Editor of Ethics: A Journal of Social, Political and Legal Philosophy. He then graduated from the Yale Law School in 1987 and joined the Texas law faculty the same year. He has published widely on class actions and complex lawsuits, attorneys' fees, the professional responsibilities of lawyers, insurance, and health care law and policy. Professor Silver currently serves as Associate Reporter on the American Law Institute's project on Aggregate Litigation.

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Fang Zhang Photo

Fang Zhang is a graduate student in the LBJ School of Public Affairs at the University of Texas at Austin. Her research interests include economic policies relating to health care and other subjects. She expects to receive her Ph.D. in 2008.

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Myungho Paik Photo

Myungho Paik is a Ph.D. candidate in economics at the University of Texas at Austin, preparing his dissertation on wage inequality. He received his B.A. and M.A. in economics from Yonsei University in Seoul, Korea. His research interests include demography, health economics, and economic development as well as labor economics.