This class focuses on different causes of action available to securities investors under the Securities Act of 1933, the Securities Exchange Act of 1934, and analogous state statutory and common law. Students will learn about the substantive elements of securities claims, such as falsity, materiality, reliance, scienter, and loss causation, and will also study the procedural problems unique to securities litigation, including heightened pleading standards, the selection of lead plaintiffs, and class certification. Finally, students will learn about the public policy aspects of securities litigation, and the debates surrounding its utility as a mechanism for enforcing the securities laws and compensating defrauded investors.
While there are no prerequisites for this course, completion of Business Associations is recommended.
Please note that course organization and content may vary substantially from semester to semester and descriptions are not necessarily professor specific. Please contact the instructor directly if you have particular course-related questions.