Law school gets $10M

Staff Writer

The University of Chicago Law School recently received a $10 million endowment in law and economics. The principal donors are Richard Sandor, chairman and CEO of Environmental Financial Products, LLC and his wife Ellen Sandor. They made the gift in honor of Nobel laureate Ronald Coase.

The Institute for Law and Economics will be renamed the Coase-Sandor Institute for Law and Economics. The institute will focus on the role of law, private property rights and transaction costs in promotion efficient markets.