Securities Litigation

3 credits · Law School

This course explores Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, promulgated thereunder. Rule 10b-5 is widely considered the most important anti-fraud rule in the federal securities laws. It is not only the basis for insider trading liability, but also for "fraud-on-the-market" class actions (which result in the transfer of billions of dollars each year in settlement payments). Students will learn the substantive and procedural law that shapes case outcomes and explore strategic considerations that may influence litigation choices. Public policy questions will also be explored. The class provides an important foundation for future securities litigators, as well as those entering transactional practices that involve securities law liability risk. Students do not need to have taken Securities Regulation to take this course. Prerequisite: LAW 7114 Corporations or LAW 7116 Corporations and Business Entities. [3]