The legal environment for business students at Keiser University’s flagship campus recently had the opportunity to gain insights from Ted Krebsbach, senior counsel at the New York law firm Davis Wright Tremaine, a principal member of securities defense attorneys who has represented many of the largest broker-dealers in the United States commercial and investment banks and their employees.
After reading and briefly introducing the McMahon U.S. Supreme Court landmark case of Shearson vs. Krebsbach’s argument, students were eager to learn more about its implications. Focusing on the legality of forced arbitration of private securities fraud claims arising under the Securities Exchange Act of 1934 and the arbitrability of federal Racketee Influenced and Corrupt Organizations Act challenges, Krebsbach shares how he can of customers.
Led by Keiser University business law professor and attorney Lonnie Martens, the experience provides learners with a unique insight into the legal landscape in the corporate world. Professor Martens said she had brought in experts to speak to her students because “just like in sport, you know early on that to improve your game you need to find the most experienced and successful mentors and coaches. … in the business world as well,” she said.
Krebsbach also shared his thoughts on the benefits of getting a law degree, which he believes is invaluable no matter what career you choose. He pointed out that as long as the grade point average and law school entrance exam scores are good, specific majors are not required, and many law schools open seats to students in nontraditional majors.
As senior counsel to the New York law firm Davis Wright Tremaine, Krebsbach currently represents clients in enforcement proceedings before the SEC, FINRA and state regulators in a broad range of federal and state court litigation, and securities arbitration proceedings . Before entering private practice, he spent 13 years with Shearson Lehman Brothers, where he handled a number of major cases and managed its global litigation and arbitration cases. He received his Juris Doctor degree from Fordham University School of Law in 1978 and his Bachelor of Arts degree in Political Science and Government from the University of Notre Dame in 1975.
Keiser University’s Bachelor of Arts in Business focuses on a fundamental understanding of the business skills required for entry-level business professionals. The program introduces students to the functional areas of business, the business environment, including ethical business practices, the technical and communication skills required in today’s business environment. The degree can also be a springboard for graduate study in law.