The new edition of this rich and challenging casebook continues to provide a matchless examination of corporate law while incorporating important recent developments. Long recognized For The impeccable scholarship of its authors And The thorough development of its topics, CASES AND MATERIALS ON CORPORATIONS sets a strong foundation for understanding the structure, functions, and responsibilities of corporations and other business organizations. To facilitate effective teaching and learning, CASES AND MATERIALS ON CORPORATIONS, Fifth Edition, encourages effective teaching and learning with: the insight of a venerated author team an exceptionally noteworthy introductory chapter, which sets out the defining characteristics of a corporation: limited liability, perpetual existence, free transferability, and centralized management detailed and wide-ranging coverage, allowing instructors to delve into topics with as much depth as they wish a logical thematic framework, emphasizing the corporation's responsibilities to society as well as to its own constituents and investors an excellent section on corporate finance careful use of notes, excerpted commentary, problems, questions, edited cases, and statutory material to reinforce important concepts in the text What's in the Fifth Edition? extensive treatment of limited liability companies and limited liability partnerships. new developments in insider trading. material on the impact of outside directors on corporate performance. complete revision of the treatment of indemnification, now including Mayer v. Executive Telecard and Ridder v. Cityfed. a new section on the Private Securities Litigation Reform Act.