Charles W. Murdock
Title/s: Professor and Loyola Faculty Scholar
Office #: Corboy 1424
While in law school, Professor Murdock served as editor of Recent Decisions. Upon graduation, he joined Schiff, Hardin & Waite, a large Chicago law firm specializing in corporate and securities work. Before assuming the deanship of Loyola in 1975, he taught at DePaul, Notre Dame, and the University of California (Hastings). He has served as a consultant to the Securities and Exchange Commission. In 1983, he resigned as dean to serve as Deputy Attorney General of Illinois; he returned to the Loyola faculty in 1985. He was a co-founder of Loyola's Family Business Institute, and he frequently serves as an arbitrator or as an expert witness in business disputes.
B.S.Ch.E., Illinois Institute of Technology, 1956
J.D., Loyola Chicago, 1963
Illinois Practice, Business Associations, Volumes 8-9 (2006 update)
Illinois Practice -- Business Organizations (West Publishing Company, 1996, supplemented annually)
“Janus Capital Group, Inc. v. First Derivative Traders: The Culmination of the Supreme Court’s Evolution from Liberal to Reactionary in Rule 10b-5 Actions,” forthcoming in the University of Denver Law Review (2013)
“Thinking, Fast and Slow – A Lawyer’s Perspective,” co-authored with Barry Sullivan, forthcoming summer 2013 in the Loy. Univ. Chi. L. J. Symposium on Behavioral Economics and Investor Protection.
"Credit Default Swaps: Dubious Instruments," Harvard Business Law Review Online, 3 Harv. Bus. L. Rev. Online 133 (2013), http://www.hblr.org/?p=3216.
“The Big Banks: Background, Deregulation, Financial Innovation, and ‘Too Big to Fail,’” 90 Denver Univ. L. Rev. 505 (2012), 54 pp.
“Redoing the Statutory Scheme by Rule-Making: All Regulation Is Not Burdensome,” 40 Sec. Reg. L. J 251 (2012), 18 pp.
“The Dodd-Frank Wall Street Reform and Consumer Protection Act: What Caused the Financial Crisis and Will Dodd-Frank Prevent Future Crises?” 64 S.M.U. L. Rev. 1243 (2011), 85 pp.
“Why Not Tell the Truth?: Deceptive Practices and the Economic Meltdown,”41 Loy. Univ. Chi. L. J. 801 (2010), 84 pp.
“Corporate Corruption and the Complicity of Congress and the Supreme Court- the Tortuous Path from Central Bank to Stoneridge Investment Partners,”6 Berk. Bus. L.J. 131 (2009), 85 pp..
Fairness and Good Faith as a Precept in the Law of Corporations and Other Business Organizations, 36 Loy.U.Chi. L.J. 551 (2005) [article]
Why Not Tell the Truth?, 9 Public Interest Law Reporter 4 (Spring 2004)
What Every Lawyer Needs to Know About the Illinois Limited Liability Company Act, 92 Illinois Bar Journal 420 (August 2004) [article]
Enron: A New Paradigm of Moral Hazard, in The Global Economy: Financial, Trade, and Knowledge Asymmetries (The APF Press, 2003), at 258
The Attorney as 'Creator' or 'Author': Attorney Liability Under Enron, Chicago Bar Record (April 2003)
A Perspective on Enron from an International Point of View, IX Loyola Forum Intl. Law 59 (2002)
Why Illinois -- A Comparison of the Corporate Jurisprudence of Illinois and Delaware, 19 So.Ill.L.J. 1 (1994) [article]
Corporate Governance:The Role of Special Litigation Committees, 68 Univ.of Wash.L.Rev. 79 (1993) [article]
The Evolution of Effective Remedies for Minority Shareholders and Its Impact upon Valuation of Minority Shares, 65 Notre Dame L. R. 425 (1990) [article]
"Fiduciary Duties," Chapter 3 in Business Law Series, vol. 1 (IICLE, 2005)
Preface to the Illinois Limited Liability Company Act (to be published by the Illinois Secretary of State, 2003)
"Enron: Transparency, Ethics and Due Diligence," 75-slide Power Point presentation accompanying Enron 11/8/01 8K Report, Minutes of Audit Committee, 2/12/01, Vinson & Elkins 10/15/01 Report, and Powers Report dated 02/01/02
Preface to the Business Corporation Act (Illinois Secretary of State, 1997, reprinted annually)
Works in Progress
Article entitled "Fairness and Good Faith as a Precept in the Law of Corporations and Other Business Entities," forthcoming 2005, Loyola University Chicago Law Journal.
Article entitled "A Legal, Medical Moral and Political Perspective on Abortion and Gay Marriage."
Panelist and discussion leader, "Choosing the Form of Business Entity: Pros, Cons, and Special Issues", Chicago Bar Association, September 2004
Speaker, "Fiduciary Duty and Business Entity Choices", Illinois State Bar Association, April 2004
Speaker, "Professional Liability After Enron", Chicago Bar Association, Securities Law Institute, March 2004
Speaker, "Business Ethics: Whatever Happened to Telling the Truth?", Northwestern University Sheil Center, January 2004
Speaker, "Litigation Tells Us Why Delaware's Contractarian Statue Doesn't Work", Chicago Bar Association, January 2004
"Enron and Attorney Liability," Michigan State University - Detroit College of Law, April 2003
"Enron and Attorney Liability," Securities Law Committee, Chicago Bar Association, April 2003
"Liability and Responsibilities of Attorneys (and Other Professionals) after Enron," Corporation Committee, Chicago Bar Association, February 2003
"The Impact of Enron on Corporate Governance," Financial Market Group, Federal Reserve Bank of Chicago, October 2002
"Enron: Transparency, Ethics, Due Diligence," Chicago Bar Association Annual Securities Law Institute, March 2002
"Litigation Issues Affecting Limited Liability Companies," Chicago Bar Association, November 2001
"Shareholder Oppression and Statutory Remedies," Illinois State Bar Association, Chicago, May 2001
"New Rights and Fiduciary Responsibilities of Shareholders," Illinois State Bar Association, Chicago, May 2001
"Methods of Valuing Different Types of Businesses," Illinois Institute of Continuing Legal Education, Springfield and Chicago, March 2001