Michael J. McConnell, Partner, Jones Day to Speak at The Knowledge Group’s Halliburton II and the Price Impact Rule Webcast

Top Quote The Knowledge Group has announced today that Michael J. McConnell, Partner, Jones Day will speak at its webcast entitled: “Halliburton II and the Price Impact Rule: Changing the Tides of Securities Litigation LIVE Webcast.” This event is scheduled on Wednesday, December 12, 2018 at 12:00 PM - 1:30 PM (ET). End Quote
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    About Michael J. McConnell
    Mike McConnell defends officers, directors, and corporations in high-stakes securities and fiduciary duty litigation. The matters litigated include securities fraud class actions, SEC investigations and inquiries, derivative cases, proxy fraud litigation, and other matters that are often ancillary to shareholder litigation, including shareholder inspection actions, disputes under shareholder voting agreements, internal corporate investigations, and other special committee matters.

    Mike's recent representations include defending comScore, Inc. and certain of its officers and directors in securities litigation; defending Flowers Foods and certain of its officers and directors in securities litigation; defending Rayonier Inc. in securities litigation; defending Gray Television in litigation seeking to enjoin it from operating an Augusta television station or offering it in the National Incentive Spectrum Auction; defending WL Ross & Co. and certain current and former officers and directors of International Textile Group (ITG) in class and derivative shareholder litigation arising from the merger of ITG and Safety Components International; defending Attachmate Corporation in connection with shareholder litigation filed in Delaware and Massachusetts challenging its acquisition of Novell Corporation; defending former officers and directors of various banks that failed in the wake of the credit crisis; defending The Southern Company in securities litigation arising from the spin-off of Mirant Corporation; and defending SunOpta Inc. in securities litigation.

    Mike is a former member of the board of directors of the March of Dimes (Georgia Chapter; chairman, 2012), the Midtown Atlanta Rotary Club (president, 2013-2014), and the Leadership Atlanta Class of 2007.

    Event Synopsis:
    Consequent to the Halliburton II decision, which allowed defendants to rebut fraud-on-the-market presumption at the class certification stage, many courts struggled as it did not provide a clear guidance on how to assess a rebuttal evidence. The long-awaited guidance was finally provided when the U.S. Court of Appeals for the Second Circuit issued its Arkansas Teachers Retirement System v. Goldman Sachs Group, Inc. opinion. It opposed the district court's statement that defendants needed proof that would serve as “conclusive” evidence of the price impact’s “complete absence.” The Second Circuit further opines the sufficiency of a mere “preponderance of the evidence” to negate the presence of price impact.

    The Knowledge Group has assembled a panel of key thought leaders to provide the audience with an in-depth review and analysis of recent Price Impact court rulings impacting the securities litigation landscape. 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:
    • Halliburton Co. v. Erica P. John Fund, Inc.: An Overview
    • The Price Impact Rule
    • Guidelines for Rebutting Price Impact
    • Best Practices in Assessing Defendant's Rebuttal Evidences
    • Regulatory Changes and Consequences
    • Emerging Critical Issues

    About Jones Day
    Jones Day is a global law firm with more than 2,500 lawyers in 43 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.

    About The Knowledge Group/The Knowledge Congress Live Webcast Series
    The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars 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. To contact or register to an event, please visit: http://theknowledgegroup.org/

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