The scandals of the last decade have led observers to question whether we can rely on government to police our securities markets and hold public companies and securities professionals accountable for the severe damage their misconduct inflicts on public investors. Private securities litigation has been recognized as a “necessary supplement” to governmental efforts in achieving those goals. While regulatory agencies such as the SEC and the Department of Justice have been criticized for failing to adequately hold individuals accountable in the wake of the financial crisis, private securities litigation has recovered billions of dollars for investors.
This webcast discusses the recent performance of both government regulators and private securities plaintiffs in the wake of the credit crisis, as well as notable decisions and verdicts in certain high-profile cases. Among other things, we will discuss the SEC settlements in the Citigroup and Bank of America cases, and the role of the federal judiciary in considering such settlements. We also explore the impact of private recoveries on our capital markets, including the historic multi-billion dollar settlement obtained on behalf of Bank of America shareholders related to its acquisition of Merrill Lynch.
Bernstein Litowitz Berger & Grossmann partner Steven Singer moderates an esteemed panel of experts including:
- Harvey L. Pitt – Chief Executive Officer, Kalorama Partners LLC and former Chairman, U.S. Securities and Exchange Commission;
- Susanna M. Buergel – Partner, Paul, Weiss, Rifkind, Wharton & Garrison, and;
- James D. Cox – Brainerd Currie Professor of Law, Duke University School of Law
To attend this webcast, please sign up below.