Scott Rahn, Shareholder, Greenberg Traurig, LLP to Speak at KC’s Securities Law: Fraud-on-the-Market Theory Demystified Event

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Scott Rahn, Shareholder, Greenberg Traurig, LLP to Speak at KC’s Securities Law: Fraud-on-the-Market Theory Demystified LIVE Webcast. See below for more information.

New York City, United States, March 5, 2013 - (PressReleasePoint) - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Scott Rahn, Shareholder, Greenberg Traurig, LLP 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 Scott Rahn
 
Scott Rahn is a shareholder in GT's Los Angeles office. He focuses his practice on representing international and regional financial services companies, including investment banks, private banks, broker-dealers, trust companies, investment companies, investment advisors, and hedge funds in litigated matters in federal and state courts, as well as arbitral forums such as the Financial Services Industry Regulatory Authority ("FINRA") and the American Arbitration Association. Scott regularly represents clients in regulatory proceedings before private industry and government regulators and advises clients on their regulatory compliance obligations. Scott received his J.D. from the University of San Diego School of Law and his B.A. from the University of Wisconsin-Madison.
 
 
About Greenberg Traurig, LLP
               
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1750 attorneys serving clients from 35 offices in the United States, Latin America, Europe, the Middle East and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal’s 2012 NLJ 250. For additional information, please visit www.gtlaw.com.
 
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 us 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.