251.52 sec. 001 - Economics of Corporate and Securities Litigation (Fall 2022)
Instructor: Matthew Cain (view instructor's teaching evaluations - degree students only)
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Units: 1
Grading Designation: Credit Only
Mode of Instruction: In-Person
Meetings:
Th 6:25 PM - 9:05 PM
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On 2022-08-25
F 10:00 AM - 12:00 PM
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On 2022-08-26
F 3:10 PM - 5:30 PM
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On 2022-08-26
Sa 09:30 AM - 12:30 PM
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On 2022-08-27
Sa 2:10 PM - 5:10 PM
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On 2022-08-27
Course End: August 27, 2022
Class Number: 31912
Enrollment info:
Enrolled: 10
Waitlisted: 0
Enroll Limit: 30
As of: 02/17 06:39 AM
This course provides an overview of the application of financial economics to the field of corporate and securities litigation. We will cover specific real-world case types including insider trading, investment advisor cherry-picking, 10b-5 disclosure violations, earnings announcements, merger and acquisition fairness opinion valuations, and valuation of corporate governance improvements. Common statistical techniques will be covered such as testing for statistical significance; explanations and definitions of trading volume, stock prices, and stock returns; use of event studies, regression analysis, and tests for abnormal stock returns, volume, and information leakage; application of Monte Carlo simulation; and various tests for market efficiency. This course assumes no prior experience with finance, economics, or statistics.
Instructor Background:
Dr. Matthew D. Cain is a Senior Fellow at the Berkeley Center for Law and Business, University of California. He has provided economic analysis, consulting, and expert witness testimony on behalf of the U.S. Securities and Exchange Commission (SEC) and other clients, including during investigations, settlement negotiations, and trials. He has experience in a variety of topic areas, including in cases alleging insider trading, foreign bribery, accounting fraud, investment advisor cherry-picking, mutual fund conflicts and violations, disclosure violations, improper valuations, and broker-dealer conflicts.
Dr. Cain spent several years working at the SEC, where he served as an advisor to Commissioner Robert J. Jackson, Jr. He also worked as a Financial Economist in the Office of Litigation Economics, part of the Division of Economic and Risk Analysis. Prior to working with the SEC, Dr. Cain was an Assistant Professor of Finance in the Mendoza College of Business at the University of Notre Dame. He holds a Ph.D. in Finance from Purdue University, and prior to academia he worked as a capital markets analyst, assisting companies with capital raisings in relation to M&A and other corporate purposes.
Attendance at the first class is mandatory for all currently enrolled and waitlisted students; any currently enrolled or waitlisted students who are not present on the first day of class (without prior permission of the instructor) will be dropped. The instructor will continue to take attendance throughout the add/drop period and anyone who moves off the waitlist into the class must continue to attend or have prior permission of the instructor in order not to be dropped.
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Exam Notes: (TH) Take-home examination
(Subject to change by faculty member only through the first two weeks of instruction)
Exam Length: 4 hours
Course Category: Business Law
This course is listed in the following sub-categories:
Litigation and Procedure
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