Failure to Do Independent Price Impact Analysis Begets Class Certification

BVLaw
Court Case Digests
February 28, 2018
2834 Pharmaceutical Preparations
325412 Pharmaceutical Preparation Manufacturing
economic damages & lost profits
expert testimony, event study, class action, securities fraud, stock value, price impact

Li v. Aeterna Zentaris, Inc.
2018 U.S. Dist. LEXIS 33246
US
Federal Court
New Jersey
United States District Court
Dr. Adam Werner (plaintiffs); Dr. David I. Tabak (defendant)
Sheridan

Summary

Court certifies securities fraud class action where plaintiff expert’s analysis shows market efficiency and where defense expert fails to perform independent event study to show lack of price impact and disprove effect of alleged misrepresentations.

See Also

Li v. Aeterna Zentaris, Inc.

Court certifies securities fraud class action where plaintiff expert’s analysis shows market efficiency and where defense expert fails to perform independent event study to show lack of price impact and disprove effect of alleged misrepresentations.