On December 11, BFA Partner Erin Woods served as a panelist on a webinar titled “The SEC’s New Mandatory Arbitration Policy,” moderated by Leigh Snell and hosted by The National Council on Teachers Retirement.
In addition to noting the lack of transparency in arbitration, Erin also highlighted the billions of dollars of recoveries achieved by the over 100 securities class actions settlements reached each year. Erin specifically described the important differences between receiving a recovery by simply filing a claim form in these settlements, versus having to file and pursue an arbitration claim against each company alleged to have committed securities fraud.
Please feel free to reach out to discuss any questions.
