7th Circuit Proposes Solution for Loss Causation Conundrum

Business Valuation UpdateVol. 21 No. 9
Legal and Court Case Update
September 2015
6141 Personal Credit Institutions
522291 Consumer Lending
securities litigation
expert testimony, disclosure, securities fraud, loss causation

Glickenhaus & Co. v. Household International, Inc.
2015 U.S. App. LEXIS 8424
May 21, 2015
US
Federal Court
7th Circuit
United States Court of Appeals
Daniel Fischel (plaintiffs); unknown (defendants)
Sykes

Summary

7th Circuit agrees with defendants that plaintiff expert’s leakage loss-causation model failed to account for firm-specific, nonfraud factors that could have affected stock price movement and orders new trial applying court’s burden-shifting approach.

See Also

Glickenhaus & Co. v. Household International, Inc.

7th Circuit agrees with defendants that plaintiff expert’s leakage loss-causation model failed to account for firm-specific, nonfraud factors that could have affected stock price movement and orders new trial applying court’s burden-shifting approach.