Neal R. Marder, Partner and Chair, Consumer Class Actions Practice, Winston & Strawn LLP to Speak at KCís Securities Law: Fraud-on-the-Market Theory Demystified Event
New York, NY, February 18, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Neal R. Marder, Partner and Chair, Consumer Class Actions Practice, Winston & Strawn LLP will speak at the Knowledge Congress’ webcast entitled: “Securities Law: Fraud-on-the-Market Theory Demystified.” This event is scheduled for July 23, 2013 from 12:00pm – 2:00pm (ET).
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About Neal R. Marder
Neal Marder is a partner in Winston & Strawn’s Los Angeles office, chair of the firm’s national class actions practice, and co-chair of Winston’s securities litigation practice. He concentrates his practice on class and mass actions, bet-the-company litigation, and complex business and commercial litigation.
Mr. Marder has a diverse general civil litigation practice and handles disputes in federal and state courts across the country and represents clients around the world. He regularly represents Fortune 100 companies and officers and directors in lawsuits involving business and consumer torts, class actions, mass torts, securities fraud, shareholder derivative suits, white collar, RICO, antitrust, unfair competition, as well as matters involving claims of breach of fiduciary duty arising out of M&A transactions. He has also conducted internal investigations for clients under investigation by the Department of Justice (DOJ) and Securities and Exchange Commission (SEC).
About Winston & Strawn LLP
Winston & Strawn LLP is an international law firm with more than 900 attorneys among 15 offices in Beijing, Charlotte, Chicago, Geneva, Hong Kong, Houston, London, Los Angeles, Moscow, New York, Newark, Paris, San Francisco, Shanghai, and Washington, D.C. The exceptional depth and geographic reach of the firm’s resources enable Winston & Strawn to manage virtually every type of business-related legal issue. It serves the needs of enterprises of all types and sizes, in both the private and the public sector.
Winston & Strawn understands that clients are looking for value beyond just legal expertise. With this in mind, the firm works hard to understand the level of involvement that its clients want from it. Please visit www.winston.com if you would like more information about Winston & Strawn’s legal services, experience, and the industries it serves.
The fraud-on-the-market doctrine (FOTM) is essential to class-action plaintiffs in securities fraud cases. The United States Supreme Court approved this doctrine in in 1988 in Basic v. Levinson as a means to overcome individualized reliance issues. FOTM is based on the theory that when a security is traded in an efficient market, all public information is reflected in the market price of the security and it can then be assumed that an investor who buys or sells stock at the market price relies upon all public statements. If a defendant can defeat FOTM's rebuttable presumption, it defeats class certification and effectively prevails on the case.
The Supreme Court recently suggested it may be willing to revisit the wisdom behind FOTM. In a brief concurrence in Amgen v. Connecticut Retirement Plans & Trust Funds, Justice Alito stated that he joined the majority opinion "with the understanding that the petitioners did not ask us to revisit Basic's fraud-¬on-the-market presumption," and stressed that he and the three dissenting Justices believe that in light of post-Basic developments in economic theory, "reconsideration of the Basic presumption may be appropriate.
Understanding FOTM and developments in economic theory will be even more important to both shareholders and companies in future securities fraud cases. In this two-hour Live webcast, a panel of thought leaders and practitioners will provide an in-depth analysis of FOTM by citing relevant cases and court decisions and offering substantive information regarding its implications on the presumption of reliance in securities fraud cases, as well as class certification proceedings and materiality. In addition, this presentation will provide practical guidance to effectively use FOTM or defeat the presumption in a securities fraud case. Join them in this live, virtual webinar and get a chance to pose questions to the speakers during the live Q&A session.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.