Adam Badawi is a Professor of Law at UC Berkeley. He writes widely on issues of law and finance with an emphasis on corporate governance, corporate transactions, and shareholder litigation. Much of his recent work uses text analysis and machine learning to analyze debt agreements, merger documents, and shareholder class action complaints. At Berkeley Law, he teaches Contracts, Corporations, Mergers and Acquisitions, and seminars related to these topics.
His research includes “Does Voluntary Financial Disclosure Matter? The Case of Fairness Opinions in M&A” (forthcoming, The Journal of Law and Economics) (with Matthew D. Cain and Steven Davidoff Solomon), “How Informative is the Text of Securities Complaints?” (forthcoming, Journal of Law, Economics & Organization), “Social Good and Litigation Risk” (forthcoming, Harvard Business Law Review) (with Frank Partnoy); and “Is There a First-Drafter Advantage in M&A?”, California Law Review (2019) (with Elisabeth de Fontenay) (selected as one of the top 10 corporate and securities articles of 2019 by Corporate Practice Commentator).
Prior to joining the faculty of Berkeley Law in 2017, Badawi was a Professor of Law at Washington University in St. Louis. He has been a Visiting Professor at Northwestern Pritzker School of Law and he served as a Bigelow Fellow at the University of Chicago Law School. Before joining the academy he was a litigator in the San Francisco office of Munger, Tolles & Olson LLP and was a law clerk to the Hon. Michael McConnell of the Tenth Circuit Court of Appeals.
B.A., University of California, Berkeley
J.D., University of California, Berkeley School of Law
Ph.D., University of California, Berkeley
Adam B. Badawi is teaching the following course in Spring 2023:
Courses During Other Semesters
|Semester||Course Num||Course Title||Teaching Evaluations||Fall 2022||248.5 sec. 001||Mergers & Acquisitions||View Teaching Evaluation||Spring 2022||217 sec. 001||Law, Economics, and Accounting Workshop||View Teaching Evaluation||248.5 sec. 001||Mergers & Acquisitions||View Teaching Evaluation|
“The number one thing they’re going to worry about is the ability to pay back the loans,” said Berkeley Law professor Adam Badawi “Twitter misses a debt payment, that trips a covenant, and the loanholders can come in and say the debt is due right now.”
“I’ve looked at some of the language in the executive agreements. It’s totally baseless for [Musk] to seek termination with cause,” said Adam Badawi, a professor of law at the University of California, Berkeley. “To get terminated with cause, the circumstances have to be extreme, they have to kind of be malfeasance or someone did something illegal.
The best efforts standard is vague and can be difficult to gauge, Professor Adam Badawi says, and establishing that someone has breached a best efforts obligation requires pretty extreme conduct. “You can’t hook someone up to a machine and figure out how much they’re trying,” he says.
“The argument for settling at something lower is that litigation is expensive,” Professor Adam Badawi says of Musk’s effort to back out of his $44 billion deal to buy the social media network. “And this thing is so messy that it might not be worth it.”
Professor Adam Badawi says Elon Musk would need to prove the true number of bots and the amount Twitter disclosed in its SEC filings rises to the level of a ‘material adverse effect’ in order for him to renege on his offer
Highlights include new faculty, flourishing programs, high-impact research, and expanding student opportunities.
Abbye Atkinson, Adam Badawi ’03, and Joy Milligan begin their new positions this week, with Frank Partnoy to join the school in 2018.
FACULTY PROWESS HELPS ATTRACT THREE NEW PROFESSORS TO BERKELEY For Abbye Atkinson, Adam Badawi ’03, and Joy Milligan, joining Berkeley Law’s faculty is as humbling as it is thrilling. Atkinson calls her new cohort “unmatched in its intellectual depth and range.” Badawi notes that “the faculty was a huge part of what drew me back