Publications

The securities markets have grown increasingly complex. Indeed, some have theorized the collapse of the subprime market is due, at least in part, to a lack of understanding and appreciation for the market risks inherent in collateralized debt obligations and related securities. Growing complexities in the market will create new challenges in the prosecution and defense of the next wave of securities fraud cases. The inevitable challenge of such cases will be to ensure that the prosecution and defense evidence concerning complicated financial products and transactions is comprehensible to the jury. Two recent cases have addressed this issue.