Current Issues in Securities Litigation

Hosted By: American Bar Association

​In the past few months, there have been significant developments in the world of insider trading, whistleblowers, and the SEC’s stated intent to bring more administrative proceedings. This program will address the impact of the Second Circuit’s recent insider trading opinion in U.S. v. Newman and Chiasson and the practical consequences of the SEC’s stated course. Another panel will discuss the implications of the growing presence of whistleblower reporting, whether to self-report, and the increasing possibility of parallel proceedings. And our final panel will focus on the boundaries of rules governing private placements, the importance of compliance with rules and conditions of exempt offerings, and the consequences of any failures.

Fenwick’s Securities Enforcement co-Chair Mike Dicke will present on “Whistleblowers, Self-Reporting and Parallel Proceedings” along with Prof. Joseph A. Grundfest of Stanford Law School, Jonathan Schmidt of Ropes & Gray and Shirli F. Weiss of DLA Piper. Robert Friese of Shartsis & Friese will moderate.

The panel intends to explore the implications of the growing presence of whistleblower reporting (including FCPA considerations), including whether self-reporting may be appropriate, also considering the growing prospect of criminal authorities becoming involved (foreign and domestic).