Defense Event Study Rebuts Plaintiff’s Price Impact Claim

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Court Case Digests
December 5, 2017

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securities litigation
expert testimony, event study, class action, securities fraud, stock value
In re Finisar Corp. Secs. Litig.
2017 U.S. Dist. LEXIS 201150
US
Federal Court
California
United States District Court
Michael L. Hartzmark, Ph.D. (plaintiff); Dr. Alexander Aganin, Ph.D. (defendants)
Davila

Summary

Court denies class certification in securities fraud case, finding defense financial expert is able to rebut presumption of reliance by way of event study that shows defendant’s alleged misrepresentation had no significant impact on company’s stock price.

See Also

In re Finisar Corp. Secs. Litig.

Full Text of Court Cases
December 5, 2017

Court denies class certification in securities fraud case, finding defense financial expert is able to rebut presumption of reliance by way of event study that shows defendant’s alleged misrepresentation had no significant impact on company’s stock price.

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