Stefan J. Padfield is a Professor of Law at The University of Akron School of Law.
His areas of expertise cover a wide variety of business law topics. He is currently
teaching Basic Business Associations, Corporations, Securities Regulation, and Mergers
and Acquisitions. Professor Padfield received his B.A. from Brown University, and J.D.
from the University of Kansas School of Law. While in law school, he was a member of both
the moot court team and symposium editor for the Kansas Law Review. Prior to joining the
Akron Law faculty, Professor Padfield clerked for The Hon. John R. Gibson of the U.S.
Court of Appeals for the Eighth Circuit, and The Hon. William E. Smith of the U.S.
District Court in Providence, R.I. Professor Padfield also worked as a corporate attorney
for Cravath, Swaine & Moore, LLP, in New York City. His scholarship includes the
articles "Is Puffery Material to Investors? Maybe We Should Ask Them," 10 U.
Pa. J. Bus. & Emp. L. 339 (2008) (selected by the Akron Law Alumni Association for
the Thomas G. Byers Memorial Award for Outstanding Faculty Publication), and "Who
Should Do the Math? Materiality Issues in Disclosures That Require Investors to Calculate
the Bottom Line," 34 Pepp. L. Rev. 927 (2007) (selected for inclusion in the
Securities Law Review 2008). Professor Padfield is also a regular contributor to The Race
to the Bottom blog, and the Akron Law Café blog. 



Rehabilitating Concession Theory, Oklahoma Law Review (2013)

In Citizens United v. FEC, a 5-4 majority of the Supreme Court ruled that, “the...



The Silent Role of Corporate Theory in the Supreme Court’s Campaign Finance Cases, University of Pennsylvania Journal of Constitutional Law (2013)

In Citizens United v. Federal Election Commission, a 5-4 majority of the Supreme Court held...



The Dodd-Frank Corporation: More than a Nexus of Contracts, West Virginia Law Review (2011)

Corporate theory matters. By way of example, I explain in this Essay how Citizens United...



Immaterial Lies: Condoning Deceit in the Name of Securities Regulation, Case Western Reserve Law Review (2010)

The financial crisis of 2008-2009 is once again raising the issue of investor trust and...



Finding State Action When Corporations Govern, Temple Law Review (2009)

The financial crisis of 2008 is blurring the lines between the State and the private...


Contributions to Books