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Securities and Shareholder Litigation 2017

TUESDAY | OCTOBER 3, 2017

NEW YORK CITY

American Law InstituteC O N T I N U I N G L E G A L E D U C A T I O N

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THIS PROGRAM IS GENEROUSLY SPONSORED BY:

Cutting-Edge Developments, Planning,and Strategy

S E E B A C K F O R D E T A I L S

M O R N I N G S E S S I O NW E B C A S T S E G M E N T A

Developments in Securities Class Actions

• Confidential witness allegations:Treatment in ‘33 and ‘34 Act cases

• ‘33 and ‘34 Act liability for statements of opinion in the wake of Omnicare

• Class-wide measure of damages (BP), price impact (Halliburton and Petrobras) , lags and market inefficiency – where do we go from here?

• Alleging statutory standing in ‘33 Act cases (ARIAD Pharmaceuticals, Century Aluminum, and MuniMae)

• ‘33 Act claims and statutes of repose (ANZ)

• SLUSA and ‘33 Act class actions in state court: Concurrent subject matterjurisdiction, removal, and self-help charter provisions (Cyan, FireEye, and the Snap IPO)

• Claims under Items 303 and 503 of Reg. S-K: Claims based on non-disclosure of trends, uncertainties, or risks under ‘33 and ‘34 Acts (Leidos)

Keynote Address with Live Q&A(not webcast or recorded)

• Andrew M. Calamari, Director, New York Regional Office, U.S. Securities and Exchange Commission

A F T E R N O O N S E S S I O NW E B C A S T S E G M E N T B

Developments in Delaware Shareholder Litigation

• Challenges to non-employeedirector compensation (Citrix andInvestors Bancorp) and disclosures

• Cleansing effect of shareholder votes – or not (Corwin, Saba, and Massey Energy)

• Disclosure-only settlements (Trulia and its fallout)

• Effect of dismissal of derivative suits in non-Delaware courts

Regulatory Enforcement of the Securities Laws: Ethical Issues in Internal andGovernment Investigations

• Internal investigation witnessinterviews: Who represents the witness? Privilege and work product issues(including Garner) and Upjohn warnings

• Whistleblowers: Corporate responses to whistleblower claims and severance, settlement, and employee agreement provisions

• Testimony in government proceedings

• Cooperation and self-reporting

Through the Eyes of In-House Counsel: Inside Perspectives on the Securities Litigation Landscape

• Regulatory and private litigant activity in the wake of Wells

• Privacy and data breach claims

• Globalization of securities class actions

• Whistleblower issues

• Predictions: The next big thing insecurities and shareholder litigation

P R O G R A MBrian E. PastuszenskiGoodwin Procter LLP

Planning Chair (also on faculty)

Faculty

Joel H. BernsteinLabaton Sucharow LLP

Wayne M. CarlinWachtell, Lipton, Rosen & Katz, and former Director, New York Regional O� ce, U.S. Securities andExchange Commission

Nicholas I. Crew, Ph.D.Analysis Group, Inc.

Salvatore J. GrazianoBernstein Litowitz Berger & Grossmann LLP

Marc I. GrossPomerantz LLP

Adam S. HakkiShearman & Sterling LLP

Hon. Jack B. JacobsSenior Counsel, SidleyAustin LLP, and former Justice of the Delaware Supreme Court

Meredith E. KotlerCleary Gottlieb Steen & Hamilton LLP

M. Justin LubeleyJPMorgan Chase & Co.

Christine M. MackintoshGrant & Eisenhofer P.A.

Gregory A. MarkelSeyfarth Shaw LLP

Lara Shalov MehrabanNew York Regional O� ce, U.S. Securities andExchange Commission

Kenneth J. NachbarMorris, Nichols, Arsht & Tunnell LLP

Daniel P. RoeserGoodwin Procter LLP

Joseph SalamaDeutsche Bank AG

Mark K. SchonfeldGibson, Dunn & Crutcher LLP, and former Director, New York Regional O� ce, U.S. Securities andExchange Commission

Hille R. SheppardSidley Austin LLP

Hon. Joseph R. Slights IIIVice Chancellor, Delaware Court of Chancery

Ariana J. TadlerMilberg LLP

Amanda VaughnBank of AmericaCorporation

Jane WaechterBMO Capital Markets Corp.

Jared R. WinnickTD Bank, N.A.

Lawrence J. ZweifachGibson, Dunn & Crutcher LLP ALI CLE Sta� :Robert Rushton(rrushton@ali-cle.org)

“One of the most insightful courses I’ve attended. I would highly recommend the course to

attorneys of all levels of expertise.”

Securities class action filings are at an all-time high, in part due to recent Delawaredevelopments. The Supreme Court is about to decide issues of fundamental importance to securities class action litigation. Now more than ever, you need to keep up with keytrends in securities and shareholder litigation and how they’ll affect your clients.

This must-attend program addresses the cutting-edge issues and explores the mostsignificant developments and latest strategies in securities litigation and governmentenforcement. Hear from a panel of national leaders in the securities and shareholderlitigation bars, senior in-house counsel, key government officials, and current andformer judges – including keynote speaker Andrew Calamari, Director of the SEC’s New York Regional Office, and Vice Chancellor Joseph Slights of the Delaware Court ofChancery – as they provide an unparalleled perspective on today’s most significantsecurities and shareholder litigation issues.

Join us for a definitive review of the most significantdevelopments in securities and shareholder litigation

and government enforcement.

G o t o w w w . a l i - c l e . o r g / C Z 0 1 1t o r e g i s t e r o n l i n e o r f o r m o r e i n f o r m a t i o n a b o u t

t h e p r o g r a m a g e n d a , h o t e l a c c o m m o d a t i o n s ,s t u d y m a t e r i a l s , a n d C L E / C P E c r e d i t .

Keynote SpeakerAndrew M. CalamariDirector, New York Regional O� ce, U.S. Securities and Exchange Commission

Tu e s d ay, O c tob er 3 , 2 0 1 7

6.75 C L E C R E D I T H O U R S , I N C L U D I N G1.0 H O U R O F E T H I C S

8.0 C P E C R E D I T H O U R S I N B U S I N E S S L A W

M O R N I N G S E S S I O NW E B C A S T S E G M E N T A

Developments in Securities Class Actions

• Confidential witness allegations:Treatment in ‘33 and ‘34 Act cases

• ‘33 and ‘34 Act liability for statements of opinion in the wake of Omnicare

• Class-wide measure of damages (BP), price impact (Halliburton and Petrobras) , lags and market inefficiency – where do we go from here?

• Alleging statutory standing in ‘33 Act cases (ARIAD Pharmaceuticals, Century Aluminum, and MuniMae)

• ‘33 Act claims and statutes of repose (ANZ)

• SLUSA and ‘33 Act class actions in state court: Concurrent subject matterjurisdiction, removal, and self-help charter provisions (Cyan, FireEye, and the Snap IPO)

• Claims under Items 303 and 503 of Reg. S-K: Claims based on non-disclosure of trends, uncertainties, or risks under ‘33 and ‘34 Acts (Leidos)

Keynote Address with Live Q&A(not webcast or recorded)

• Andrew M. Calamari, Director, New York Regional Office, U.S. Securities and Exchange Commission

A F T E R N O O N S E S S I O NW E B C A S T S E G M E N T B

Developments in Delaware Shareholder Litigation

• Challenges to non-employeedirector compensation (Citrix andInvestors Bancorp) and disclosures

• Cleansing effect of shareholder votes – or not (Corwin, Saba, and Massey Energy)

• Disclosure-only settlements (Trulia and its fallout)

• Effect of dismissal of derivative suits in non-Delaware courts

Regulatory Enforcement of the Securities Laws: Ethical Issues in Internal andGovernment Investigations

• Internal investigation witnessinterviews: Who represents the witness? Privilege and work product issues(including Garner) and Upjohn warnings

• Whistleblowers: Corporate responses to whistleblower claims and severance, settlement, and employee agreement provisions

• Testimony in government proceedings

• Cooperation and self-reporting

Through the Eyes of In-House Counsel: Inside Perspectives on the Securities Litigation Landscape

• Regulatory and private litigant activity in the wake of Wells

• Privacy and data breach claims

• Globalization of securities class actions

• Whistleblower issues

• Predictions: The next big thing insecurities and shareholder litigation

P R O G R A MBrian E. PastuszenskiGoodwin Procter LLP

Planning Chair (also on faculty)

Faculty

Joel H. BernsteinLabaton Sucharow LLP

Wayne M. CarlinWachtell, Lipton, Rosen & Katz, and former Director, New York Regional O� ce, U.S. Securities andExchange Commission

Nicholas I. Crew, Ph.D.Analysis Group, Inc.

Salvatore J. GrazianoBernstein Litowitz Berger & Grossmann LLP

Marc I. GrossPomerantz LLP

Adam S. HakkiShearman & Sterling LLP

Hon. Jack B. JacobsSenior Counsel, SidleyAustin LLP, and former Justice of the Delaware Supreme Court

Meredith E. KotlerCleary Gottlieb Steen & Hamilton LLP

M. Justin LubeleyJPMorgan Chase & Co.

Christine M. MackintoshGrant & Eisenhofer P.A.

Gregory A. MarkelSeyfarth Shaw LLP

Lara Shalov MehrabanNew York Regional O� ce, U.S. Securities andExchange Commission

Kenneth J. NachbarMorris, Nichols, Arsht & Tunnell LLP

Daniel P. RoeserGoodwin Procter LLP

Joseph SalamaDeutsche Bank AG

Mark K. SchonfeldGibson, Dunn & Crutcher LLP, and former Director, New York Regional O� ce, U.S. Securities andExchange Commission

Hille R. SheppardSidley Austin LLP

Hon. Joseph R. Slights IIIVice Chancellor, Delaware Court of Chancery

Ariana J. TadlerMilberg LLP

Amanda VaughnBank of AmericaCorporation

Jane WaechterBMO Capital Markets Corp.

Jared R. WinnickTD Bank, N.A.

Lawrence J. ZweifachGibson, Dunn & Crutcher LLP ALI CLE Sta� :Robert Rushton(rrushton@ali-cle.org)

“One of the most insightful courses I’ve attended. I would highly recommend the course to

attorneys of all levels of expertise.”

Securities class action filings are at an all-time high, in part due to recent Delawaredevelopments. The Supreme Court is about to decide issues of fundamental importance to securities class action litigation. Now more than ever, you need to keep up with keytrends in securities and shareholder litigation and how they’ll affect your clients.

This must-attend program addresses the cutting-edge issues and explores the mostsignificant developments and latest strategies in securities litigation and governmentenforcement. Hear from a panel of national leaders in the securities and shareholderlitigation bars, senior in-house counsel, key government officials, and current andformer judges – including keynote speaker Andrew Calamari, Director of the SEC’s New York Regional Office, and Vice Chancellor Joseph Slights of the Delaware Court ofChancery – as they provide an unparalleled perspective on today’s most significantsecurities and shareholder litigation issues.

Join us for a definitive review of the most significantdevelopments in securities and shareholder litigation

and government enforcement.

G o t o w w w . a l i - c l e . o r g / C Z 0 1 1t o r e g i s t e r o n l i n e o r f o r m o r e i n f o r m a t i o n a b o u t

t h e p r o g r a m a g e n d a , h o t e l a c c o m m o d a t i o n s ,s t u d y m a t e r i a l s , a n d C L E / C P E c r e d i t .

Keynote SpeakerAndrew M. CalamariDirector, New York Regional O� ce, U.S. Securities and Exchange Commission

Tu e s d ay, O c tob er 3 , 2 0 1 7

6.75 C L E C R E D I T H O U R S , I N C L U D I N G1.0 H O U R O F E T H I C S

8.0 C P E C R E D I T H O U R S I N B U S I N E S S L A W

COURSE LOCATION AND HOTEL ACCOMMODATIONS

The course will be held at Goodwin Procter LLP, The New York Times Building, 620 Eighth Avenue, New York, NY.

A limited block of rooms has been reserved at the Renaissance New York Times Square Hotel, 714 Seventh Avenue (at 48th Street), New York, NY. Room rate: $399 per night, single or double occupancy. These rooms will be held as a block, unless exhausted, until September 15, at which time they will be released to the general public. Registrants must make their own hotel reservations and indicate that they are part of the ALI CLE Securities and Shareholder Litigation group to qualify for rooms in the block. Room reservations may be made by calling the Renaissance New York Times Square Hotel at (800) 468-3571 or (212) 765-7676. Con� rmations will be sent by the hotel. Please read the hotel cancellation policy carefully.

STUDY MATERIALS

Going green in 2017! Course materials will be available in electronic format for download the week before and during the course. Print materials will not be distributed. All registrants are advised to bring laptops or tablets to the course to view the course materials, including updates.

Go to www.ali-cle.org/CZ011 for more info about:Registration/cancellation/requirements for persons with disabilities/scholarships

MANDATORY CLE CREDIT

ALI CLE programs are accredited in all MCLE jurisdictions. Credit in CO is available by reciprocity; credit in ID, LA, and RI is available upon request. For speci� c information on CLE, CPE, or other professional accreditation in your state, e-mail TeamMCLE@ali-cle.org, go to http://www.ali-cle.org/mcle, or call 1-800-CLE-NEWS.

NASBA

ALI CLE is registered with the National Association of State Boards of Accoun-tancy (NASBA) as a sponsor of continuing professional education on the National

Registry of CPE Sponsors. State boards of accountancy have � nal authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be ad-dressed to the National Registry of CPE Sponsors, through its web site: www.nasbaregistry.org. For information regarding ALI CLE’s complaint and refund policies, call Customer Service at (800) CLE-NEWS. CPE credit hours for this course: 8.0 in Business Law (group-live and group-internet-based pro-gram). Learning Objectives: Acquisition of knowledge and skills to develop pro� ciency as a practitioner; maintenance of professional competence as a practitioner. Suggested Pre-requisite: Limited experience in practice in subject matter or completion of Basic CLE/CPE Course in subject matter. Level of Instruction: Advanced

ADDITIONAL INFORMATION

1) Register by September 8, 2017 and SAVE $200.* Enter coupon code CZ011EB2 at checkout.

2) Have two or more who want to attend from the same organization? Register two lawyers for only $649 each. For registrations of three or more, the first attendee pays full price, and all additional attendees from the same organization come at half-price! Contact ALI CLE Customer Service at custserv@ali-cle.org or 1-800-CLE-NEWS (253-6397) to register at either of these special rates.

3) New lawyer? Attorneys in practice for 5 years or less qualify for 30% off the regular tuition. Contact ALI CLE Customer Service at 1-800-CLE-NEWS (253-6397) or custserv@ali-cle.org to register.