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Securities law expert Professor Langevoort next in Scholarly Dialogues series, March 24
March 9, 2010
The Penn State Law Review is pleased to announce that Donald J. Langevoort will be a special guest in its Scholarly Dialogues series. Professor Langevoort, the Thomas Aquinas Reynolds Professor of Law at Georgetown University Law Center, will present his working paper "Reading Stoneridge Carefully: A Duty-Based Approach to Reliance and Third Party Liability under Rule 10b-5." This event will take place on Wednesday, March 24, 2010, from 1:15 to 2:15 p.m. in 112 Katz Building (University Park) and will be simulcast to 112 Katz Hall (Carlisle).
Professor Langevoort is a preeminent scholar in the field of securities law. He is the author or co-author of several books and dozens of scholarly articles and books chapters on securities law. He authored Securities Regulation: Cases and Materials, a leading textbook currently in its sixth edition.
Professor Langevoort's paper examines Stoneridge Investment Partners LLC v. Scientific-Atlanta, Inc., a recent U.S. Supreme Court case. Professor Langevoort argues that, rather than an expression of the Court's "reflexive antipathy toward private securities class actions, throwing whatever was at hand into the pot to suit the business-friendly result," the opinion in Stoneridge represents a more measured approach. He argues that "in its emphasis on remoteness and attenuation applied solely in the context of private securities litigation, Stoneridge reinvigorates duty as a limitation on liability to open market investors in order to constrain the unique liability risk that defendants face."
After the presentation is concluded Dominic Rupprecht '10, Penn State Law Review articles editor, will dialogue with Professor Langevoort concerning the substance of his article. A question and answer period will follow. Light refreshments will be provided.
Established in 1897, the Penn State Law Review is entirely student-run. Published four times annually, it serves as a vehicle for publication of scholarly articles and comments covering all aspects of law, as well as promoting scholarship by enhancing the engagement of its membership with the academic community.