Summary
Federal district court rejects expert’s “insolvency theory” of loss causation, finding that even when securities fraud leads to a company to bankruptcy, plaintiffs must show causal link between the alleged loss and qualified corrective disclosures.
In re DVI, Inc. Securities Litigation
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See Also
Dueling Daubert Motions in Securities Fraud Litigation Focus on Loss Causation
Federal district court rejects expert’s “insolvency theory” of loss causation, finding that, even when securities fraud leads to a company to bankruptcy, plaintiffs must show causal link between the alleged loss and qualified corrective disclosures.