2nd Circuit Chafes at Wholesale Exclusion of Loss Causation Testimony

Business Valuation UpdateVol. 22 No. 6
Legal and Court Case Update
June 2016

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2834 Pharmaceutical Preparations
325412 Pharmaceutical Preparation Manufacturing
securities litigation
damages, daubert, expert testimony, admissibility, rule 702, securities fraud, loss causation
Showers v. Pfizer, Inc. (In re Pfizer Inc. Sec. Litig.)
2016 U.S. App. LEXIS 6622
April 12, 2016
US
Federal Court
2nd Circuit
United States Court of Appeals
Daniel R. Fischel (plaintiffs); Dr. Paul A. Gompers (defendants)
Livingston

Summary

Second Circuit says district court “went astray” when, under Daubert, it excluded entire loss causation and damages testimony of plaintiffs’ expert instead of just eliminating unreliable part; appeals court ruling revives securities fraud class action.

See Also

Showers v. Pfizer, Inc. (In re Pfizer Inc. Sec. Litig.)

Full Text of Court Cases
April 12, 2016

Second Circuit says district court “went astray” when, under Daubert, it excluded entire loss causation and damages testimony of plaintiffs’ expert instead of just eliminating unreliable part; appeals court ruling revives securities fraud class action.

This article also appears in:
Business Valuation UpdateVol. 22 No. 6
The Comprehensive Guide to Economic Damages, Seventh Edition