Torben Voetmann, Principal, The Brattle Group 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 Torben Voetmann, Principal, The Brattle Group 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 Torben Voetmann

    Dr. Voetmann has testified and consulted on issues related to financial econometrics (i.e., the application of statistical methods within an economic framework), testing asset pricing models, event-study analysis, stock market behavior, market microstructure, securities prices and capital markets, market efficiency, damages, and materiality in securities fraud cases. His securities experience includes Rule 10b-5 and Section 11/12 class actions, addressing market efficiency, loss causation, and estimation of aggregate damages

    Dr. Voetmann has also testified and consulted on valuation issues related to mergers and acquisition disputes, appraisal actions, and other disputes involving valuation of companies, employee stock options, and minority interest. He has examined fairness opinions and analyzed the fair market value of privately held companies. He has worked with multiple experts and is experienced in all phases of litigation, including deposition, mediation, arbitration, and trial. His recent cases have involved investigating possible insider trading and analyzing valuations of target companies in mergers and acquisitions.

    About The Brattle Group

    The Brattle Group provides consulting and expert testimony in economics, finance, and regulation to corporations, law firms, and governments around the world. We are distinguished by our credibility and the clarity of our insights, which arise from the stature of our experts, affiliations with leading international academics and industry specialists, and thoughtful, timely, and transparent work. Our clients value our commitment to providing clear, independent results that withstand critical review.

    We advise clients and provide expert testimony in a range of matters involving alleged violations of federal securities laws. Our experience includes work in class actions, derivatives, executive compensation, stock options, asset-backed securities, ERISA actions, breach of fiduciary duty, valuation, and bankruptcy. Our expertise is grounded in a thorough understanding of finance and economic theory, accounting, financial products, capital markets, regulation, and industry custom and practice.

    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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