Once again the financial world— especially investors— has been rocked by allegations and even criminal charges of lending rate manipulation within major financial institutions. And once again the numbers are big. More than $350 trillion in derivatives and other financial instruments are reportedly tied to LIBOR. The New York Times® describes LIBOR as a “benchmark interest rate that affects how consumers and companies borrow money across the world.” Some of the most respected names in banking have been implicated. Barclays Bank of London paid $450 million to settle accusations of rate manipulation, allegations the bank has denied. This webinar features two attorneys with deep experience in law and litigation involving securities and investments. Carol V. Gilden, Esq., of Cohen Milstein Sellers & Toll will provide her perspective as counsel to investors, while Howard S. Suskin, Esq., of Jenner & Block will present from his experience counseling lenders and financial institutions.
Topics will include:
- Who has been injured by the scandal? LIBOR has an influence on many trillions of dollars in investments. Individuals, companies and governments have a great deal at risk. The speakers will explain which are likely to be most adversely affected by this controversy.
- Who has brought suit? Some parties and governments have already initiated formal claims. The speakers will explain who these parties are and provide an update on the status of those proceedings.
- What are the existing and possible causes of action? The speakers will outline which laws and remedies will be at the center of proceedings against alleged rate manipulators.
- What are the likely defenses? The speakers will draw on their experience in securities litigation to examine what defenses are being raised and what other potential defenses we can expect.
- How have regulators responded so far? The speakers will provide an update on the reaction from financial regulators globally.
Title:
Accredited Webinar:The London Interbank Offered Rate (LIBOR) Litigation Landscape
When/Where:
Tuesday, October 16, 2012
2:00 PM - 3:30 PM Eastern
Webinar
Speakers:
- Carol V. Gilden, Esq is a partner at Cohen Milstein Sellers & Toll, and a member of the Securities Fraud/Investor Protection practice. Ms. Gilden represents public pension funds, Taft-Hartley Benefit Funds, private pension funds and high-net- worth individuals. She has over 25 years experience in protecting the rights of investors, including five years of experience as an enforcement attorney in the Securities and Exchange Commission. Ms. Gilden has served as lead counsel and on the Executive Committee of many high profile securities class action cases. These cases have involved allegations of financial fraud, misrepresentations in initial and secondary public offerings, merger transactions and derivative claims. She is the resident partner of the firm’s Chicago office.
- Howard S. Suskin, Esq is a partner in the Chicago office of Jenner & Block. He is a litigator with substantial first-chair experience in civil and criminal securities matters. Individuals and businesses seek his counsel in such matters as class actions alleging securities fraud and misrepresentation claims, derivative actions claiming breach of fiduciary duty, contests for corporate control, insider trading investigations and broker-dealer disputes. Mr. Suskin also counsels and represents clients in connection with securities administrative and self-regulatory organization investigations and proceedings and in arbitrations.
CLE Credit:
CLE is approved or in the process of approval for the mandatory CLE states listed below for 1.25 hours of general, participatory, or skills credit: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming
More Information and Registration
(2005, 2012); 
(2006); 
(2007); 
(2008); 
(2009); 
(2010); 
(3d ed. 2011); and 
(2012).
