Blair Nicholas Discusses Auditor Liability at PLI Program
October 15, 2007
BLB&G Partner Blair Nicholas participated as a panelist at the Securities Litigation & Enforcement Institute 2007 program, sponsored by the Practising Law Institute ("PLI") on October 15-16, 2007 in San Francisco, California.
Mr. Nicholas contributed to the panel entitled, "Securities Auditor Liability," and discussed issues relating to the regulatory framework; options cases; the relationship between auditors, companies, and the SEC; potential auditor liability; and expanded gatekeeper liability.
Mr. Nicholas has extensive trial experience, including having served as one of the lead trial counsel in In re Clarent Corporation Securities Litigation. After a four week jury trial, in which Mr. Nicholas delivered the closing argument, the jury returned a securities fraud verdict in favor of investors against the former Chief Executive Officer of Clarent. He was also one of the principal attorneys responsible for prosecuting the In re Williams Securities Litigation, a securities fraud class action that recently settled shortly before trial for $311 million.