Collateralized Debt Obligation Litigation on the Rise
Strategies for Investors, Issuers and Trustees to Pursue and Defend CDO Claims
A live 90-minute CLE webinar/teleconference with interactive Q&A
Thursday, March 18, 2010 (Tomorrow)
1:00pm-2:30pm EDT, 10:00am-11:30am PDT
This CLE webinar will offer guidance to counsel for issuers, investors and trustees, who are defending, bringing or entangled in lawsuits alleging issuer fraud in concealing the risks of investing in collateralized debt obligations. The panel will review recent CDO litigation and discuss strategies for resolving claims.
Description
Investors in collateralized debt obligations (CDOs) are increasingly filing lawsuits against issuers, structuring agents, brokers, collateral managers, trustees and credit default swap partners alleging the defendants fraudulently concealed the risks of investing in CDO transactions.
CDOs, once a multi-billion dollar market, collapsed amid the credit market crisis. As of early 2009, half of all CDOs issued since 2002 were in default. Recent statistics show that one third of all defaulting CDOs are currently in liquidation.
CDO lawsuits raise issues of fraud, negligent misrepresentation, breach of fiduciary duty, breach of contract and consumer protection law violations, among other theories. Counsel for investors, issuers and trustees must prepare a solid litigation strategy for prevailing in lawsuits.
Listen as our panel of corporate finance attorneys provides an overview of recent litigation involving CDOs and provides strategies for investors, issuers and trustees for prevailing in claims.
Outline
- Recent litigation trends
- Overview of credit crisis-related litigation
- Typical participants in CDO litigation
- Common claims and allegations
- Damages sought
- Strategies for resolving lawsuits
- Investor plaintiff perspective
- Issuer/agent/broker defendant perspective
- Trustee perspective
Benefits
The panel will review these and other key questions:
- What are the bases for legal claims regarding collateralized debt obligations?
- What challenges do investors' counsel face in pursuing CDO claims?
- What strategies can issuers' and trustees' counsel employ to prevail in CDO claims?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Amelia M. Charamba,
Partner
Nixon Peabody, Boston
Her finance and securities practice is focused on the representation of financial institutions engaged in trustee, agency, and custody services to the capital markets. She has extensive experience representing and advising corporate trustees in the closing of various corporate trust product lines, such as structured finance transactions, as well as traditional corporate debt transactions.
Zachary D. Rosenbaum,
Partner
Lowenstein Sandler, New York
He co-chairs the firm's Capital Markets Litigation group. He has developed a specialty in litigating actions on behalf of institutional investors, both foreign and domestic, involving collateralized debt obligations (CDOs) and credit default swaps, among other derivative and structured transactions.
Glenn S. Arden,
Partner
Jones Day, New York
He is experienced in the representation of issuers, sponsors, sellers, underwriters, liquidity and credit providers, servicers, derivative providers, investors, and rating agencies in connection with the issuance of asset-backed and mortgage-backed securities and cash, hybrid, and synthetic CDOs. He has been a frequent speaker on securitization and derivatives.
Ordering
Registration for Live Event
You may invite an unlimited number of staff on one connection at your location. Additional connections or locations for this conference can be purchased at 25% off.
Non-profit and government attorneys, law students and professors get $50 off the regular or early registration price. Call to take advantage of this offer.
Registration $297.00
Registration & CLE Processing $362.00
CLE on Live Event
Continuing Legal Education credit processing is available for an additional $65 per person per state in states where webinars and teleconferences are accredited.
This webinar is eligible for at least 1.5 general CLE credits, depending on state rules.
You may register for CLE credit processing before or after a program (application deadlines vary by state). Exceptions: Pennsylvania attorneys must pre-register for CLE. Maine and Alabama attorneys please call 1-800-926-7926 ext. 10 for special instructions.
CLE credits are not available for DE, IN, KS, OH, and PR or for NY attorneys admitted within the last 2 years.
CLE Processing $65.00
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in AK, AZ, CA, CT*, MO, MT, NY*, TX, VT, WA. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, LA, ME, ND, NE, NH, NM, NV, OR, UT, WI, WV, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*For CT and NY, Strafford needs to process the CLE — see below to purchase this option.)
MP3 Download (Audio with Slide PDFs) $297.00
Available 24 hours after the live event
Webinar Download (Slide Presentation with Audio) $297.00
Available three business days after the live event
CD (Audio with Slide PDFs) $297.00
plus $9.45 S&H
Available ten business days after the live event
DVD (Slide Presentation with Audio) $297.00
plus $9.45 S&H
Available ten business days after the live event
CLE Processing on Recorded Event $65.00
Registration Plus Recorded Event
Any recorded version purchased with live program registration is only $75.
Registration & Webinar Download $372.00
Webinar Download (Slide Presentation with Audio) Only $75.00 with Registration/Webinar Combo
Registration & MP3 $372.00
MP3 Download (Audio with Slide PDFs) Only $75.00 with Registration/MP3 Combo
Registration & DVD $372.00 plus $9.45 S&H
DVD (Slide Presentation with Audio) Only $75.00 with Registration/DVD Combo
Registration & CD $372.00 plus $9.45 S&H
CD (Audio with Slide PDFs) Only $75.00 with Registration/CD Combo
Webinar/Teleconference
Strafford webinars/teleconferences offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program). Please note that our webinars do not feature videos of the presenters.
Program Materials
Requires Adobe Reader 8 or later. Download Acrobat FREE.
Program Materials
Requires Adobe Reader 8 or later. Download Acrobat FREE.
CLE Credit
Strafford's live seminars qualify for CLE in every state that accredits webinars. They offer you a high quality, cost effective, and convenient CLE option, with no lost travel time or expenses.
Customer Reviews
The program provided good legal references, good bullet points and good scope.
Tim Thomas
Kolesar & Leatham
Cutting edge information from people who are in the field.
John McGowan
Donahue Tucker & Ciandella
Speakers were knowledgeable enough to talk about the subject matter in an easily digestible manner.
Daniel M. Cleary
Gotham Insurance/New York Marine & General Insurance
The teleconference was efficient with a well-focused agenda. The speakers really seem to know the material and communicated it clearly.
Owen Hughes
Pfizer
I liked the combined depth of information and speed of presentation. Well done!
Andre Dalbec
SAANYS
Finance Law Advisory Board
Partner
Paul Hastings
Partner
Gibson Dunn & Crutcher
Partner
Nixon Peabody
Partner
Alston & Bird
Counsel
Mayer Brown
Partner
O’Melveny & Myers