J.W. Verret, an Associate Professor of Law at the George Mason University Antonin Scalia Law School and a long-time friend of the inSecurities podcast, sits down with Chris and Kurt to discuss his new paper “Disgorgement Accounting After Liu v. SEC in Securities Enforcement Cases.” Professor Verret’s article is the first to link Liu’s directives on disgorgement to fundamental accounting principles. The result is an article at the intersection of securities law and accounting. Chris, Kurt, and J.W. talk about how practitioners should think about disgorgement accounting after Liu, and where they may be able to get a leg up in negotiations with the SEC Enforcement staff.
You can read Professor Verret’s new article on SSRN here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4542940
Please note: CLE and CPE credit are not offered for listening to this podcast, and the views and opinions expressed within represent those of the speakers and not necessarily those of PLI.
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Featured in this Episode
J.W Verret
Associate Professor J.W. Verret joined the law faculty in 2008 and teaches Banking, Securities and Corporation Law as well as Accounting for Lawyers.
He has also been a Visiting Professor at Stanford Law School. His work teaching CLEs on law and accounting at law firms around the country was profiled by Above the Law at this link: https://abovethelaw.com/2019/02/educating-associates-in-finance-and-accounting-and-offering-expert-witnesses-too.
He frequently serves as an expert witness in securities, corporate and commercial litigation and arbitration proceedings. A few representative engagements include New Jersey v. Sprint, 758 F.Supp.2d 1186 (2010) and Landsdowne v. OpenBand, 713 F.3d 187 (2013)
He serves on the Investor Advisory Committee of the Securities and Exchange Commission, where he advises the Chairman of the SEC on legal and policy reform. He is faculty liaison to the American College of Business Court Judges. He also serves as Independent Chairman of the Board of Directors of Egan-Jones Ratings, one of the eight domestic credit rating firms licensed by the SEC to provide credit ratings on the debt of public companies and provides recommendations on shareholder proxy votes.
He has served as Chief Economist and Senior Counsel to the U.S. House Committee on Financial Services. He previously clerked on the Delaware Court of Chancery. He received his JD from Harvard Law School, a Masters in Public Policy from the Harvard Kennedy School, and a BS in Financial Accounting from LSU.
His work as appeared in venues from the Stanford Law Review and the Journal of Law and Economics to the Wall Street Journal and New York Times. He has appeared on most major television networks on financial regulatory issues and has testified before the U.S. House and Senate over a dozen times.
