The Knowledge Group Has Scheduled a Live Webcast on Halliburton II and Fraud-on-the-Market Theory: New Legal Challenges and Strategies Impacting Class Certification
This two-hour event is scheduled on February 8, 2017@ 12:00 PM to 2:00 PM (ET).
- New York, NY (1888PressRelease) February 09, 2017 - The Knowledge Group/The Knowledge Congress Live Webcast Series, brings together the world's leading authorities and industry participants through informative two -hour webcasts. It has scheduled a live webcast entitled: "Halliburton II and Fraud-on-the-Market Theory: New Legal Challenges and Strategies Impacting Class Certification."
Event Synopsis:
Courts across the country have begun applying the U.S. Supreme Court's decision in Halliburton Co. v. Erica P. John Fund Inc. (Halliburton II), which affirmed defendants' right to seek to rebut the fraud-on-the-market presumption of reliance by showing a lack of "price impact" at the class certification stage. On remand, the Halliburton defendants met mixed success with battling experts using event studies. Meanwhile, in the only federal appellate decision so far, the Eighth Circuit ruled in IBEW Local 98 Pension Fund v. Best Buy Co. Inc. that the defendants successfully rebutted the presumption. Defendants have not fared as well in district court decisions in the Ninth, Second, and other Circuits, where courts have rejected defense challenges to the presumption of reliance and granted class certification. Several decisions are headed up on appeal and are expected to address important issues such as which side bears the burden of persuasion, and what evidence is admissible as probative of a lack of price impact. Our panel reviews the state of the law, discusses where the class certification debate stands today, and offers strategic takeaways.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will help the audience understand the fundamental aspects and the critical issues surrounding Halliburton II and Fraud-on-the-Market Theory. They will provide an in-depth discussion of this significant topic within the context of Best Buy and other recent cases challenging class certification under Halliburton II.
Key topics include:
Basic, Amgen, and Halliburton II overview
Halliburton on remand
The Best Buy decision
Price impact litigation across the country
Emerging strategies for rebutting the presumption of reliance
Key arguments made in pursuing appellate review under FRCP 23(f)
Speakers:
Pamela Palmer, Partner, Co-Chair, Securities Litigation Practice, Pepper Hamilton LLP
Daniel Tyukody, Shareholder; Co-Chair, Securities Class Action Practice, Greenberg Traurig, LLP
Torben Voetmann, Principal, The Brattle Group
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress 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.
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