PLAY RECORDING

Overview:

While securities class action filings maintained a historic three-year high through the end of 2019, largely driven by standard (Rule 10b-5, Section 11, and/or Section 12) cases, a decline in filings was observed in Q1 2020. Recent decisional law and critical trends in securities class actions, and the emergence of new “event-driven” filings, foreshadow an active year of key issues being fleshed out in courts around the country. Paramount among these issues are questions about whether certain types of cases can be filed in state courts and the role that Delaware corporations can play with forum selection clauses in trying to prevent that. Plaintiffs will push to assert scheme liability causes of action under the Securities Exchange Act of 1934 in an effort to broaden the universe of defendants they can hold accountable.

But COVID-19 might now be the largest issue on the securities-litigation landscape. While companies are focused on event-driven claims resulting from corporate mismanagement following negative events in connection with companies’ operations, the event to beat all this year will be the pandemic—a global medical emergency and a driver of the economy. Companies are on alert from the SEC to consider material weaknesses related to the pandemic when reporting, and significant fraud could be alleged out of business decisions being made in the pandemic’s wake. With COVID-19 comes significant financial uncertainty and market headwinds—circumstances where fraud tends to be more visible.

To better understand what’s ahead, a look back at recent filing and settlement trends is necessary, particularly for event-driven claims related to COVID-19, the cannabis industry, and cyber security.

In this LIVE Webcast, securities class action experts Daniel Barenbaum (Berman Tabacco) and Janeen McIntosh (NERA Economic Consulting) will provide the audience with an in-depth analysis of recent trends in class action cases and settlements, developments in securities class action litigation, and an outlook of what is coming.

Key topics include:

  • Recent Trends in Securities Class Action Litigation
  • Expectations for Securities Class Action Litigation for 2020
  • Risks and Issues as a Result of Recent Supreme Court Decisions
  • The Role of “Event-Driven” Claims
  • The potential impact of COVID-19 on Securities Litigation
  • Outlook and Expectations for 2020

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-demand Webcast (CLE)

 

Prerequisite:

General knowledge of securities class action litigation

 

Course Code:

148494

 

NY Category of CLE Credit:

Areas of Professional Practice

 

Total Credits:

1.5 CLE


How to Claim CLE Credits Per State:

https://knowledgewebcasts.com/how-to-claim-cle-credits-per-state/


CLE State Requirements:

https://knowledgewebcasts.com/cle-state-requirements/

Speaker Panel:

Daniel Barenbaum, Partner
Berman Tabacco

Daniel E. Barenbaum is a Partner in Berman Tabacco’s San Francisco office and is part of the firm’s Securities Practice Group.  Daniel has represented and recovered for some of the largest public pension funds in the United States, including in California Public Employees’ Retirement System v. Moody’s Corp., No. CGC-09-490241 (Cal. Super. Ct. San Francisco Cty.) ($255 million recovery) and In re Fannie Mae 2008 Securities Litigation, No. 1:08 Civ. 07831 (S.D.N.Y.) ($170 million recovery).

Fighting for clients for nearly 20 years, the cases Daniel has litigated have recovered over a billion dollars for injured plaintiffs.  With a business degree in finance in addition to his law degree, Daniel previously obtained his Series 7 and 66 licenses and worked for a financial services company.  He was recently ranked as a Local Litigation Star by Benchmark Litigation (2020) and a Recommended Attorney in Securities Litigation by The Legal 500 (2017-2019).

Janeen McIntosh, Consultant
NERA Economic Consulting

Ms. McIntosh has over 15 years of experience in financial and economic advisory and litigation consulting for matters in the area of securities and finance, product liability and mass torts, and labor and employment. Ms. McIntosh has consulted on securities class actions examining materiality, loss causation and liability. Her work on these cases has included estimating inflation, damages, and settlement ranges. She has also done analyses for class certification and market efficiency. She frequently works with large data sets, designing models to evaluate liability and performing various statistical analyses. Ms. McIntosh is also the lead author for NERA’s annual securities class action trends report series. She earned her BA in Mathematics and Economics from Grinnell College and her MS in Statistics from Texas A&M University.

Agenda:

Daniel BarenbaumPartner

Berman Tabacco

AND

Janeen McIntoshConsultant

NERA Economic Consulting

  • Recent Trends in Securities Class Action Litigation
  • Expectations for Securities Class Action Litigation for 2020
  • Risks and Issues as a Result of Recent Supreme Court Decisions
  • The Role of “Event-Driven” Claims
  • The potential impact of COVID-19 on Securities Litigation
  • Outlook and Expectations for 2020

Date & Time:

Tuesday, May 05, 2020

3:00 pm to 4:30 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Securities Litigation Attorneys
  • General Counsel
  • Risk and Compliance Officers
  • Litigation Officers
  • Top Level Management
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SPEAKERS

Daniel BarenbaumPartner
Berman Tabacco
Janeen McIntosh Consultant
NERA Economic Consulting

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