Monday March 9, 2009

Former SEC Chair to Explain Bailout

Harvey Pitt, SEC chairman from 2001 to 2003, will offer his 'top 10' practical tips for coping with the downward-spiraling markets March 20 during a University of Dayton law symposium on the bailout.

Former Securities and Exchange Commission Chairman Harvey Pitt will offer his "top 10" practical tips for coping with the downward-spiraling markets March 20 during a University of Dayton law symposium on the bailout.

"The advice may seem counter-intuitive to some, because it calls for increased awareness of business risk and spending additional sums to ensure companies can anticipate and address risks inherent in their current lines of business," said Pitt, who was SEC chairman from 2001 to 2003.  "I'll also talk about the enhanced fiduciary responsibilities of directors in circumstances like these."

"The Fallout from the Bailout" symposium is 8:30 a.m. to 4:30 p.m. Friday, March 20, at the University of Dayton School of Law. Pitt is scheduled to speak between 12:30 and 1:30 p.m. The symposium is open to the public and costs $25; it includes a box lunch. Participants are eligible for six hours of continuing legal education credit. To register, contact Kim Bertke at 937-229-3325 or bertkeka@notes.udayton.edu.

Pitt also will discuss the reasons for the economic crisis, some appropriate government and private-sector solutions and guidance for the business community to deal with the crisis.

Peter J. Sherry Jr., an associate general counsel at Ford Motor Co. who has been in the middle of the automotive industry's bailout discussions, also is a scheduled speaker. Sherry is a 1980 graduate of the University of Dayton School of Law.

Other speakers include Robert Hardaway, professor at the University of Denver Sturm College of Law; Steven Ramirez, director of the business law center at the Loyola University (Chicago) School of Law; Alan White, assistant law professor at the Valparaiso University School of Law; Barbara Black, director of the corporate law center at the University of Cincinnati College of Law; Jeffrey Lipshaw, associate professor of the Suffolk University Law School; Jon Hoak, vice president and chief ethics and compliance officer at Hewlett-Packard; Robert Miller, associate professor at the Villanova University School of Law.

Panels will discuss whether the bailout was an economic necessity or government folly, if and how lending and securities regulation should be reformed to prevent a future economic crisis, and how the bailout will impact business ethics and corporate responsibility.

Support from Hoak for the School of Law's Project for Law and Business Ethics and from  Porter Wright Morris & Arthur LLP for the School of Law's Program in Law, Religion and Ethics made this event possible.

For more information, contact Shawn Robinson, associate director of media relations, at 937-229-3391 or srobinson@udayton.edu.