21st Annual Stanford Directors’ College
Jordan Eth will moderate a panel discussion, “Defend your Company, Defend Yourself: Modern Litigation Strategies,” on Tuesday, June 23 at 11:00 am. This session focuses on the litigation risks facing directors and corporations. The SEC’s new bounty program has already paid a single informant $30 million for information leading to a major SEC enforcement action, and has the potential to increase dramatically the Commission’s ability to bring powerful enforcement procedures. The SEC’s decision to step back from its traditional “neither admit nor deny” settlement practice and its decisions to bring more actions through administrative proceedings rather than in federal court also portend a more difficult litigation path for defendants. The plaintiffs’ bar continues to develop new legal theories and causes of action designed to maximize corporate and individual director liability. Data also suggest that directors and senior executives are more likely to lose their positions at companies that are successfully targeted with securities fraud litigation. This panel explores a series of cutting-edge litigation issues that can threaten corporations, directors, and senior executives, with an emphasis on practical strategies for minimizing these risks and responding to litigation if the challenge arises.