June 7, 2007
BLB&G Partner Sal Graziano was a featured speaker at the recent "Current Issues in D&O Liability & Insurance 2007" conference, which was co-sponsored by the New York City Bar and the Insurance Federation of New York and held on June 7-8, 2007 in New York City.
Mr. Graziano participated in the panel entitled, "Recent Legal Developments & the Future of Securities Litigation," which explored issues concerning the recent decisions in the IPO laddering and the Enron & Morgan Stanley actions; the adverse impact of Sarbanes-Oxley on corporate profitability & U.S. equity markets; the Paulson Committee & its consideration of whether the SEC should "dis-imply" a private cause of action under Rule 10b-5; and whether the public accounting industry should be shielded from securities liability.
Mr. Graziano is an experienced trial attorney and has played a leading role in a number of major securities fraud class actions, several of which were cases against prominent accounting firms. Recovering over $780 million dollars over the course of his career, some of his more prominent accomplishments are his prosecution of cases against PricewaterhouseCoopers LLP (Raytheon Company, MicroStrategy, Inc.) and Arthur Andersen LLP (i2 Technologies, Inc.).