Law Professor Participates in SECís 75th Anniversary Program

Lexington, VA ē Monday, June 15, 2009


Lyman P.Q. Johnson
On June 4, Washington and Lee Law School professor Lyman Johnson participated in a program to celebrate the Securities and Exchange Commission's 75th anniversary. An audience of several hundred attended the program.

Sponsored by the SEC Historical Society in Washington, D.C., the program was titled "The Future of the U.S. Securities and Exchange Commission" and offered commentary by five securities law scholars on a broad range of current proposals for reform, both of the SEC and the larger federal regulatory landscape.  Topics covered included reform of credit rating agencies, the over the counter market for derivative, hedge fund registration, and dealing with systemic risk on an international basis.

The program was moderated by Joel Seligman, President of the University of Rochester and a leading scholar of securities regulation. In addition to Prof. Johnson, law professors from Georgetown, Vanderbilt, George Washington, and the University of Indiana participated. The program concluded with remarks by Mary Schapiro, Chair of the SEC.

Lyman P.Q. Johnson is the Robert O. Bentley Professor of Law at the Washington and Lee University School of Law. Professor Johnson teaches and writes about corporate and securities law. His scholarship and expert testimony has been employed in several high profile corporate lawsuits in recent years, including the nation's largest stock options backdating case and a case brought by shareholders of the Walt Disney Company for the way their Board of Directors handled the hiring and firing of Michael Ovitz.

Prof. Johnson has for the last three years served as an expert witness for the plaintiffs in Jones v. Harris, a case involving a mutual fund management company and allegations of excessive fees. The U.S. Supreme Court has agreed to hear arguments in the case next term.

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