LAW 697 - Securities Litigation

Spring 3 Kevin Haeberle

This course examines the federal law and policies governing the purchase and sale of securities, particularly the Securities Act of 1933 and the Securities Exchange Act of 1934 as well as the regulations and case law relating to each. More precisely, the course focuses on the litigation devices that help ensure more robust securities disclosure. (Securities-disclosure law forms the heart of the closely related Securities Regulation class, and much securities and corporate transactional work relies on a strong understanding of that law.) Although this course will touch on securities-disclosure law, its primary focus is thus different than the Securities Regulation course. This litigation-focused course will instead primarily study public and private litigation under Section 10(b) of the Securities Exchange Act of 1934. It will also allocate much time to other important provisions under which much securities litigation proceeds today (namely, sections 11, 12, and 17 of the Securities Act of 1933). Lastly, the class will explore insider-trading prosecutions under the federal securities laws in an in-depth manner. Note; students may not enroll in LAW 697 Securities Litigation after successfully completing LAW 423 Securities Regulation, nor enroll for both courses concurrently.