The Securities Litigation Committee, whose diverse membership includes attorneys from both the plaintiff and defense perspective, corporate counsel, and academicians, strives to be an invaluable resource to those practicing or interested in securities litigation, arbitration or regulatory enforcement matters.

Our website provides information on a variety of securities-related topics, including practical tools and discussion of the latest issues in the securities field. The Committee's quarterly publication, the Securities Litigation Journal, which includes articles on matters of new or continuing interest in the securities area authored by notable practitioners and academics, is distributed to the Committee's membership.

The Committee also publishes an annual survey of Broker Dealer Litigation which is made available to Committee members and at the annual Securities Industry Association Compliance and Legal Conference.

Our members can also benefit from educational programs sponsored by the Committee and presented through the ABA by live audio teleconference, regional CLE meetings across the country, and panel discussions at ABA conferences.

The Summer 2009 edition of the Securities Litigation Journal is now available.

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In one of the more unconventional lawsuits borne out of the subprime meltdown, on May 15, 2009, Judge Sara Lioi of the U.S. District Court for the Northern District of Ohio dismissed an action brought by the City of Cleveland against over twenty financial institutions involved in the securitization of subprime mortgages. See City of Cleveland v. Ameriquest Mortgage Securities, Inc., No. 1:08 cv 139 (N.D. Oh. May 15, 2009).

In what is only the seventh jury verdict in a securities class action since the passage of the PSLRA, on May 7, 2009, a jury found Household International and three of its former executives liable for issuing sixteen false and misleading statements to investors.  See Lawrence E. Jaffe Pension Plan v. Household International Inc., no. 02-cv-05893, in the U.S District Court for the Northern District of Illinois.