Jennifer B. Poppe, Partner, Vinson & Elkins to Speak at KC’s Securities Law: Fraud-on-the-Market Theory Demystified Live Webcast
New York, NY, February 23, 2013 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jennifer B. Poppe, Partner, Vinson & Elkins 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).
For further details, please visit:
http://www.knowledgecongress.org/event_2013_Fraud_on_the_Market.html
About Jennifer B. Poppe
Jennifer focuses her litigation practice on state and federal securities litigation, officer and director liability, internal investigations, and class actions. She has successfully defended public companies, investment banks, and executives in suits filed by shareholders. Her experience includes derivative suits, shareholder class actions, disputes between master limited partnerships and their limited partners, internal investigations, and individual shareholder claims in state and federal court and arbitration. Jennifer also has significant experience in defending shareholder and consumer class actions, both within Texas and across the country. Jennifer is a frequent speaker and author on issues relating to securities litigation and the attorney-client privilege. Jennifer has been named by Texas Rising Stars in business litigation in each of the last eight years. Jennifer currently serves as Hiring Partner for the Austin office.
About Vinson & Elkins
For almost a century, Vinson & Elkins lawyers have provided innovative business solutions for clients whose needs are as diverse as the entities they represent. In today's challenging environment of global markets, volatile economies, and complex human and environmental issues, our law firm’s time-tested role as trusted advisor has become even more critical. The depth and breadth of V&E lawyers' experience, combined with the responsiveness and efficiencies of the firm's global reach, enables Vinson & Elkins to serve clients from start-up, to the negotiating table and boardroom, before legislative and regulatory bodies, in the courtroom, and beyond. From 16 offices in energy hubs, financial centers, and political capitals across the globe, more than 730 lawyers provide strategic legal advice on our clients’ most challenging and complex transactional, regulatory, and litigation matters.
Event Synopsis:
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.
For further details, please visit:
http://www.knowledgecongress.org/event_2013_Fraud_on_the_Market.html
About Jennifer B. Poppe
Jennifer focuses her litigation practice on state and federal securities litigation, officer and director liability, internal investigations, and class actions. She has successfully defended public companies, investment banks, and executives in suits filed by shareholders. Her experience includes derivative suits, shareholder class actions, disputes between master limited partnerships and their limited partners, internal investigations, and individual shareholder claims in state and federal court and arbitration. Jennifer also has significant experience in defending shareholder and consumer class actions, both within Texas and across the country. Jennifer is a frequent speaker and author on issues relating to securities litigation and the attorney-client privilege. Jennifer has been named by Texas Rising Stars in business litigation in each of the last eight years. Jennifer currently serves as Hiring Partner for the Austin office.
About Vinson & Elkins
For almost a century, Vinson & Elkins lawyers have provided innovative business solutions for clients whose needs are as diverse as the entities they represent. In today's challenging environment of global markets, volatile economies, and complex human and environmental issues, our law firm’s time-tested role as trusted advisor has become even more critical. The depth and breadth of V&E lawyers' experience, combined with the responsiveness and efficiencies of the firm's global reach, enables Vinson & Elkins to serve clients from start-up, to the negotiating table and boardroom, before legislative and regulatory bodies, in the courtroom, and beyond. From 16 offices in energy hubs, financial centers, and political capitals across the globe, more than 730 lawyers provide strategic legal advice on our clients’ most challenging and complex transactional, regulatory, and litigation matters.
Event Synopsis:
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.
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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