Securities Class Actions

Overview

Securities class actions concern the recovery of funds that have been lost to investors and institutions through corporate misrepresentation or other wrongdoing. Fund managers remain responsible for recovering all monies due to their funds, including returns from securities class actions. Annually, settlements worth tens of billions are reached, yet less than 50% of institutional investors regularly file claims.

Objectives

Participants will understand the mechanisms of class action litigation, including historical development, procedural steps, regulatory changes and fiduciary responsibilities. The course addresses misconceptions while examining both criticisms and advantages of these recovery processes.

Who Should Attend

Operational managers, risk managers, compliance officers, finance professionals, treasury staff and portfolio managers employed in banks, asset/investment managers, stockbrokers, custodians and pension funds.

Content

• The history and background to modern class actions
• How class actions work (step-by-step process)
• Criticisms and misconceptions
• Advantages and positive perspectives
• Impact on investors: perception versus reality
• Recent rulings and procedural changes
• Fiduciary duty of care expectations
• Growing class actions outside the USA
• Jurisdictional issues and developments

Duration

3 hours