Securities Litigation

This course encompasses foundational concepts in modern securities litigation. The class covers litigation under the 1934 Exchange Act, beginning with Rule 10b-5 fraud actions, turning to insider trading, and then the scope of primary and secondary liability, gatekeeper liability for accountants and lawyers, concluding with the range of remedies available for securities law violations and the overlap between criminal and civil enforcement of the securities laws. A portion of the class is also devoted to understanding certification of private class actions under the Private Securities Litigation Reform Act (PSLRA). Grades shall be based on a final examination. No prior course in securities law or regulation is required.