Daniel Tyukody, Shareholder; Co-Chair, Securities Class Action Practice, Greenberg Traurig, LLP to Speak at The Knowledge Group's LIVE Webcast

Top Quote The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Daniel Tyukody, Shareholder; Co-Chair, Securities Class Action Practice, Greenberg Traurig, LLP will speak at a 2-hour webcast entitled "Halliburton II and Fraud-on-the-Market Theory: New Legal Challenges and Strategies Impacting Class Certification LIVE Webcast" This two-hour event is scheduled on February 8, 2017 @ 12:00pm - 12:00pm ET. End Quote
  • New York, NY (1888PressRelease) February 02, 2017 - Event Summary:

    Courts across the country have begun applying the U.S. Supreme Court's decision in Halliburton Co. v. Erica P. John Fund Inc. (Halliburton II), which affirmed defendants' right to seek to rebut the fraud-on-the-market presumption of reliance by showing a lack of "price impact" at the class certification stage. In the only federal appellate decision so far, the Eighth Circuit ruled in IBEW Local 98 Pension Fund v. Best Buy Co. Inc. that the defendants successfully rebutted the presumption.

    The Best Buy decision supports the proposition that a defendant's liability can be narrowed or extinguished based on evidence showing a lack of price impact at the class certification phase. However, defendants have not fared as well in district court decisions in the Ninth, Second, and other Circuits, where courts have rejected defense challenges to the presumption of reliance and granted class certification. Several decisions are headed up on appeal and are expected to address important issues such as which side bears the burden of persuasion, and what evidence is admissible as probative of a lack of price impact.

    Parties in securities fraud class actions should pay close attention to these developments..

    In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will help the audience understand the fundamental aspects and the critical issues surrounding Halliburton II and Fraud-on-the-Market Theory. They will provide an in-depth discussion of this significant topic within the context of Best Buy and other recent cases challenging class certification under Halliburton II.

    Key topics include:

    Halliburton II overview
    Halliburton II on remand
    The Best Buy decision
    Price impact litigation across the country
    Emerging strategies for rebutting the presumption of reliance
    Key arguments made in pursuing appellate review under FRCP 23(f)

    About Daniel Tyukody

    Dan is Co-Chair of the firm's Securities Class Action Practice. He focuses his practice on securities litigation and regulatory enforcement matters. He has nearly 30 years' experience defending issuers, officers and directors, and underwriters in securities class actions, derivative cases, M&A cases and SEC proceedings. Dan also counsels audit committees and special committees in conducting internal investigations. He is a frequent commentator on securities law topics and has been quoted in The New York Times, The Wall Street Journal, The National Law Journal, The Los Angeles Daily Journal, Securities Law 360, Compliance Weekly as well as other publications.

    Dan has been named one of the nation's top securities litigators by Chambers USA: America's Leading Lawyers for Business, The Legal 500 U.S., Lawdragon Magazine, Benchmark Litigation and the Los Angeles Daily Journal.

    About Greenberg Traurig, LLP

    Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2,000 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East. The firm helps clients bridge diverse legal systems and cultures, with a focus on efficient and effective strategic advice and legal services. The firm is No. 1 on the 2015 Law360 Most Charitable Firms list, second largest in the U.S. on the 2016 Law360 400, Top 20 on the 2015 Am Law Global 100, and among the 2015 BTI Brand Elite.

    About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

    The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly-focused format.

    The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries.

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