Lecture Series in Law and Economics: Price Drop Damages (January 20, 2026, 12 pm HKT)

The City University of Hong Kong School of Law and the Asian Law and Economics Association (AsLEA) are pleased to present the fifth lecture in the Lecture Series in Law and Economics.

This session will feature Professor Adriana Z. Robertson, Donald N. Pritzker Professor of Business Law at the University of Chicago Law School. Professor Robertson’s research interests lie at the intersection of law and finance, including securities law, capital markets regulation, corporate finance, and business law. She holds a BA from the University of Toronto (Trinity College), where she was awarded the Lorne T. Morgan Gold Medal in Economics, a PhD in Finance from the Yale School of Management, and a JD from Yale Law School. Using a simple model developed to characterize the magnitude and direction of bias in price drop damages, Prof. Robertson will discuss the limitations of this widely used approach in assessing harm from market misconduct, specifically how it understates harm when the expected net award to purchasers of the reference asset is positive and overstates it when net recovery is negative.

The lecture will take place on January 20, 2026 (Tuesday) at 12 pm (HKT) and will be held online via Zoom. To receive the Zoom link, please register here in advance.

For more details about the lecture, please refer to the poster below.