Court Balks at Event Study’s Singular Focus on Misrepresentation

BVLaw
Court Case Digests
November 29, 2017

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7996 Amusement Parks
713110 Amusement and Theme Parks
securities litigation
expert testimony, event study, class action, securities fraud, stock value
Baker v. Seaworld Entm’t, Inc.
2017 U.S. Dist. LEXIS 196235
US
Federal Court
California
United States District Court
Dr. Walter Torous (defendants); Chad W. Coffman (plaintiffs)
Anello

Summary

Court grants class certification in securities fraud case; defense expert’s event study to show absence-of-price-impact fails to rebut presumption of reliance; plaintiff meets predominance requirement and its expert offers valid classwide damages model.

See Also

Baker v. Seaworld Entm’t, Inc.

Full Text of Court Cases
November 29, 2017

Court grants class certification in securities fraud case; defense expert’s event study to show absence-of-price-impact fails to rebut presumption of reliance; plaintiff meets predominance requirement and its expert offers valid classwide damages model.

This article also appears in:
The Comprehensive Guide to Economic Damages, Seventh Edition