Shearman & Sterling partner Daniel Laguardia (New York-Litigation) was a faculty member at the New York City Bar’s “Hot Topics in Securities Litigation and Enforcement—Omnicare, Halliburton III (?), Home Courts, and the Financial Reporting and Audit Task Force,” which was held on April 6 at the New York City Bar and via webcast.
The program covered developments set in motion by recent Supreme Court decisions and Securities and Exchange Commission initiatives. These include Omnicare and its impact on litigation and corporate disclosures; Halliburton II and the bench’s and bar’s attempts to apply the Court’s price impact rule; the defense bar’s robust counterattack on the SEC’s increasing reliance on ALJs; and the SEC’s renewed focus on policing financial reporting and audit irregularities. Four panels of jurists, regulators and private practitioners explored these developments and how they unfold in 2016 and beyond.