HomeWebcastThe Supreme Court’s Cyan Decision: Implications to Securities Class Actions
Online CLE Class Actions CLE

The Supreme Court’s Cyan Decision: Implications to Securities Class Actions

Live Webcast Date: Wednesday, November 28, 2018 at 12:00 pm - 1:00 pm (ET)
Class ActionSecurities LawRecording

Online CLE Class Actions

Join us for this Knowledge Group Online CLE Class Actions Webinar. The U.S. Supreme Court's unanimous decision on Cyan Inc. v. Beaver Country Employees Retirement Fund rules that Securities Litigation Uniform Standards Act of 1998 (SLUSA) does not eliminate state courts' concurrent jurisdiction to adjudicate private causes of actions, especially claims under the Section 11 of Securities Act of 1933 (the “1933 Act”) and such actions cannot be removed from state to federal court.

This remarkable court decision may potentially expose directors and officers, who sign registration statement related to these offerings, to a Section 11 litigation in both federal and state courts. Thus, companies may incur higher defense costs and adverse judgements or settlements.

Join a panel of key thought leaders and professionals assembled by The Knowledge Group as they bring the audience to a road beyond the basics of bringing or defending against Securities Class Actions in light of the Supreme Court’s Cyan decision. Speakers will also provide the audience with practical strategies in bringing out the best in these lawsuits in a rapidly evolving legal climate.

Key topics include:

  • Cyan Inc. v. Beaver Country Employees Retirement Fund: An Overview
  • Implications and Inferences
  • Common Red Flags
  • Addressing Risks and Pitfalls
  • Litigation Strategies in Light of Cyan
  • What Lies Ahead

Who Should Attend

  • Directors and Officers
  • Underwriters
  • Investors
  • D&O Insurers
  • Litigators
  • Risk Professionals
  • Companies and Organizations

Faculty

Online CLE Class Actions
Inez H. Friedman-Boyce
Partner
Goodwin
Online CLE Class Actions
Martin L. Seidel
Partner
Willkie Farr & Gallagher LLP

Click Here to Read Additional Material

Online CLE Class Actions

SEGMENT 1:
Inez H. Friedman-Boyce, Partner
Goodwin

AND

SEGMENT 2:
Martin L. Seidel, Partner
Willkie Farr & Gallagher LLP

  • The Cyan decision and its impact on the landscape of securities litigation.
  • Litigation post-Cyan, including a discussion of preferred forums, litigation strategies, and discovery proceedings.
  • Substantive vs. procedural issues post-Cyan: discovery stays and other issues.
  • D&O insurance and Cyan, availability and pricing changes.
  • Bristol-Myers Squibb Co. and its impact on state court class action, particularly motions to dismiss for lack of sufficient contact with the forum.
  • Twombly/Iqbal, consequences for securities class actions in state court.
  • Exclusive forum provisions and the impact of recent cases including Sciabacucchi, Blue Apron, Roku, and StitchFix.

Online CLE Class Actions

Online CLE Class Actions

Inez H. Friedman-BoycePartnerGoodwin

Inez Friedman-Boyce, a Securities Litigation + White Collar Defense partner at Goodwin Procter LLP, has spent over two decades defending securities class action and shareholder litigation matters against financial institutions and publicly-traded and privately-held operating companies. Ms. Friedman-Boyce also has significant experience in mediating and arbitrating securities and shareholder-related matters, and she has represented numerous clients in investigatory proceedings brought by the SEC, FINRA, and other agencies.  Her clients include banks, mutual funds, hedge funds, venture capital firms, computer hardware and software manufacturers, pharmaceutical, biotechnology and life sciences companies, and other high technology companies.

Her practice is national in scope, and she has represented U.S. and foreign-based issuers, directors and officers in securities matters across the country. In addition to defending shareholder litigation matters, Ms. Friedman-Boyce advises companies on how to minimize securities liability, and how best to manage such exposure when it arises. Ms. Friedman-Boyce also writes and speaks nationally to the legal and business communities on securities and shareholder litigation, risk management, and corporate governance matters. 

Online CLE Class Actions

Martin L. SeidelPartnerWillkie Farr & Gallagher LLP

Martin Seidel is a partner in Willkie’s Litigation Department. He has more than 25 years’ experience in securities and corporate litigation and arbitration, with an emphasis on corporate control contests, transaction related securities and shareholder litigations, multiparty class actions and derivative litigations. He regularly advises on litigation matters related to mergers and acquisitions, securities laws, corporate accounting and disclosure, and corporate governance.

Mr. Seidel has tried cases before state and federal courts throughout the United States as well as arbitral tribunals. He has handled investigations before the U.S. Securities and Exchange Commission, FINRA, the U.S. Department of Justice and the U.S. Federal Trade Commission, and by state and federal prosecutors and state Attorneys General across the country.

Mr. Seidel provides clients – including Fortune 500 companies, leading financial institutions, corporate boards, directors and senior executives – with guidance on:

  • M&A, corporate control and activism-related litigation
  • corporate control and corporate governance issues
  • complex securities, shareholder and derivative litigations
  • insider trading, market manipulation and accounting fraud litigations and investigations

He has advised key players in numerous high-profile matters, including takeover litigation and defense for Salix Pharmaceuticals, Élan Corporation, Pfizer, Jos. A Bank and Quest Software; and litigations and investigations involving Hollinger, HealthSouth, Bear Stearns, Adelphia and Refco/SphinX.

Online CLE Class Actions

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   NONE

Course Code:
   147636

NY Category of CLE Credit:
   Areas of Professional Practice

Total Credit:
    1.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

At Goodwin, we use law to achieve unprecedented results for our clients. Our 1,000 plus lawyers across the United States, Europe, and Asia excel at complex transactions, high-stakes litigations and world-class advisory services in the financial, life sciences, private equity, real estate, and technology industries. We partner with our clients to practice law with integrity, ingenuity, agility and ambition. To learn more, visit us at www.goodwinlaw.com and follow us on Twitter at @goodwinlaw and on LinkedIn.

Website: https://www.goodwinlaw.com/

For more than a century, Willkie has delivered unparalleled legal advice and dedicated client service to individuals and companies across a wide spectrum of business areas, industries, countries and cultures. We are an elite international law firm that provides innovative, integrated legal and business solutions. We have a number of highly successful practices whose lawyers are stars in their fields. Our experience spans a wide range of industries, most particularly financial services. Our lawyers, which number approximately 700 in nine offices located in the United States and Europe, share in the firm’s tradition of skillful and creative legal representation. As a firm, we are collegial, collaborative and client-focused.

Drawing on our more than 125 years of achievement and experience in the legal industry, our clients receive the highest level of advice and counsel. Willkie has a unique depth of business acumen and legal experience that spans across almost all business areas and industries. Our holistic approach to advising clients on legal matters, business issues and transactions yields comprehensive client service. Our commitment to excellence in client service and care cultivates longstanding relationships with our clients.

Website: https://www.willkie.com/

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