SEC Transactional, Enforcement & Litigation Update

July 14, 2010

Complimentary Webinar

Archived media:

  • Multimedia presentation (WMV)
  • Slideshow (PDF)

The lawyers of McGuireWoods’ SEC practice group provide an informative meeting with updates on transactional matters, case law, and other changes in the securities regulatory environment. The July meeting topics and speakers are as follows:

Claw-back of Compensation
A discussion of the SEC’s latest enforcement action under SOX 304 to claw-back compensation from “innocent” CEOs and related developments.
G. William Tysse, Washington, D.C.

“Forward-Looking Statements”
A discussion of Slayton v. American Express, a 2nd Circuit decision analyzing the Private Securities Litigation Reform Act’s safe harbor for forward-looking statements.
James M. Anderson III, Richmond

PIMCO v. Mayer Brown – Secondary Liability
A brief discussion of PIMCO v. Mayer Brown, wherein the 2nd Circuit held that secondary liability for securities fraud under Rule 10b-5 is governed by an “attribution” standard instead of a “creator theory.”
Jonathan Chiu, Richmond

“Loss Causation” Hurdles – Omnicom
A discussion of the 2nd Circuit decision affirming dismissal on summary judgment of securities fraud claims against Omnicom Group, Inc. and its management, and how the decision illustrates the demanding standards for proving loss causation under Section 10(b).
K. Lorraine Lord, Richmond

David H. Pankey, SEC practice chair, moderator.

For information on upcoming events and seminars, click here.