While some experts have argued that the threat of securities litigation is damaging the competitiveness of US capital markets, others have argued -- in the aftermath of recent accounting fraud and options backdating scandals -- that now is not the time to limit legal recourse for investors. On 8 February 2008, Claremont McKenna College brought together leading scholars in finance and law, practitioners, and policymakers to help frame public policy issues in the securities fraud area and to set forth objective criteria for determining the efficacy of the current approach. NERA Senior Vice President Dr. David Tabak participated in a panel discussion on current issues and controversies in securities fraud litigation.