New York, NY, October 18, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Fraud-on-the-Market Theory: Presumption and Other Significant Issues and Updates in 2016 and Beyond Live Webcast. This two-hour event is scheduled on December 17, 2015 at 12:00 PM to 2:00 PM (ET).
In June 2014, the US Supreme Court in Halliburton Co. v. Erica P. John Fund, Inc. Halliburton called into question, but upheld, the foundation of a securities class action — the presumption of class-wide reliance — which makes it easier for plaintiffs in securities fraud class actions to prove reliance and obtain class certification. The Court’s decision may give defendants new opportunities to rebut the presumption in the earlier stages of a case; which benefits defendants.
The Court confirmed Basic’s premise that market prices will adjust to newly disclosed information, and that Halliburton challenges were not sufficiently compelling to overturn presumption. A decision overruling Basic and the 'fraud-on-the-market' presumption would have undermined pursuit of securities fraud cases on a class action basis.
This decision will heighten the importance of the class certification in potential securities fraud class actions. Defendants will be able to introduce expert testimony to show that alleged misstatements did not affect stock prices. Plaintiffs may choose to present contrary expert testimony which will result in increased focus on Daubert motions challenging the admissibility of expert testimony.
In a two hour live Webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the significant and latest issues relating to Fraud-on-the-Market Theory: Presumption and Other Significant Issues and Updates in 2015 and Beyond. The panel also will help the audience better understand the best practices to challenge and defend cases.
Key topics include:
· Fraud-on-the-Market Theory – An Overview
· Basic, Inc. v. Levinson Supreme Court Review
· Halliburton Co. v. Erica P. John Fund, Inc. - Presumption
· Challenges for Fraud-on-the-Market Theory
· Scope and Limitations of Fraud-on-the-Market Theory
· Reaffirming Presumed Reliance Doctrine
· Tool for Defendants to Contest Certification
· Implications of Arising Litigations
· Mitigating Risks and Threats
Wilson Elser Moskowitz Edelman & Dicker LLP
Michael P. McCloskey
Lieff Cabraser Heimann & Bernstein, LLP
For an updated list of the faculty panel, please visit: https://theknowledgegroup.org/event-homepage/?event_id=1132
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.