Corporations, Securities & Antitrust
- Corporate Governance
- International Business
- Securities & Corporate Finance
|Second Annual Executive Branch Review Conference|
|Supreme Court To Rule on Fraud on the Market: Halliburton v. Erica P. John Fund - Podcast|
On March 5, 2014, the Supreme Court heard oral argument in Halliburton v. Erica P. John Fund, and our expert attended and then reported on the argument. Will the Court continue to recognize the fraud on the market theory? How much reliance is required on the part of the plaintiffs? Will the Court allow introduction of evidence that a defendant’s statements did not affect the price of its stock to rebut a presumption of reliance?
|Fraud on the Market? - Oral Argument Preview of Halliburton v. Erica P. John Fund - Podcast|
Shareholders of Halliburton filed a class action lawsuit arguing that Halliburton falsified its financial statements and misrepresented projected earnings, invoking a “fraud on the market” theory to demonstrate class reliance on Halliburton’s statements. The “fraud on the market” theory assumes that investors have relied on any material misstatements when they purchase a security. The federal district court certified the class and did not allow Halliburton to introduce evidence that the statements did not affect its stock prices. The U.S. Court of Appeals for the Fifth Circuit affirmed. Will the Supreme Court continue to recognize the fraud on the market theory? If so, will the Court allow introduction of evidence that a defendant’s statements did not affect the price of its stock to rebut the presumption of reliance?
|Freddie and Fannie Shareholder Lawsuit - Podcast|
Preferred and common shareholders of Freddie Mac and Fannie Mae have not recently received earnings distributions or dividends, and the prospects for the short-term future would seem to depend on a pending shareholder lawsuit. After bailing out the two entities with a $180 billion loan, the Federal government is, under a total net worth sweep, claiming all profits as its own. Chuck Cooper led a litigation update on this important case.
|Is IP Property or Government-Conferred Monopoly? - Event Audio/Video|
The Federalist Society's Faculty Division hosted a panel discussion that asked "Is IP Property or Government-Conferred Monopoly?" on Friday, January 3, 2014, during the 16th Annual Faculty Conference.
Panel 1: Is IP Property or Government-Conferred Monopoly?
Warwick New York Hotel