Summary
Court relies on plaintiffs’ expert market event study to certify class for fraud claims based on speculative hedging contracts, but warns that the same evidence may not be sufficiently reliable to prove class-wide damages.
In re Sadia Securities Litigation
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See Also
Expert Evidence Sufficient to Certify Securities Class But Requires More for Damages
Court relies on plaintiffs’ expert market event study to certify class for fraud claims based on speculative hedging contracts but warns that the same evidence may not be sufficiently reliable to prove classwide damages.