Securities Class Action Trials After the Financial Crisis

Labaton Sucharow Webinar
March 08, 2011

Since the passage of the Private Securities Litigation Reform Act of 1995, only 10 federal securities fraud class actions of the thousands that have been filed in the United States have ever reached trial. This trend is changing. Facing enormous damages claims in the wake of the recent financial crisis, corporate defendants have grown less willing to negotiate early settlements, paving the way for an increased number of trials in these complex cases.

Labaton Sucharow's in-depth webinar analyzed issues involved in taking a securities class action to trial, including the public relations pressures on executives and witnesses, discovery issues, trial strategies, and more.

Mark Arisohn, a partner with Labaton Sucharow, presented the plaintiffs' perspective. Mark was the lead trial attorney in the In re BankAtlantic Bancorp, Inc. Securities Litigation case, the first securities fraud class action arising from the financial crisis to reach trial, resulting in a landmark plaintiffs' verdict.

Jim Bennett, a partner with the law firm Morrison Foerster LLP, presented the view from the defense table. As the lead trial counsel in In re JDS Uniphase Corp. Securities Litigation, Jim secured one of the most significant defense verdicts ever in a securities class action trial.

Michael Stocker, a partner with Labaton Sucharow, served as the moderator.

Click here to view the recorded webinar.

Click here to download the webinar presentation.

This program is pending CLE-accreditation in Alabama, California, Florida, Illinois, Massachusetts, Mississippi, New Jersey, New Mexico, New York and Ohio. You can request an Attorney Verification Form following the completion of this program.