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The US as the new NJ

A century ago NJ was the leading US jurisdiction for incorporations. Then Governor Woodrow Wilson got the bright idea of trying to use the NJ corporation law as an antitrust law. The rest, as they say, is history.

More recently, the US has been the leading capital market in the world. Then somebody got the bright idea of passing Sarbanes-Oxley. I discuss the latest data on the flight of foreign firms from US markets here. It's not pretty.

The new battle cry on SOX: Remember New Jersey.



Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute

Katherine Lazarski
Press Officer,
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.