Summary
Hedge fund unable to prove damages from securities fraud without an expert analysis of market conditions and effect of public information on stock prices.
Gordon Partners v. Blumenthal
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See Also
Two Economic Damages Cases Dismissed for Lack of Reliable Valuation Evidence
As Nancy Fannon explained in her BVU article last month, “What Every Valuation Expert Needs to Know to Prepare a Lost Profits Calculation,” courts have “set the bar high for opinion evidence offered by the damages expert, rejecting speculative and problematic testimony."