Expert Evidence Sufficient to Certify Securities Class But Requires More for Damages

Business Valuation UpdateVol. 16 No. 11
Legal and Court Case Update
November 2010

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fraud
In re Sadia Securities Litigation
2010 WL 2884737 (S.D.N.Y.)
July 20, 2010
US
Federal Court
Federal
United States District Court
Catherine A.Torell, Christopher L.Nelson, Christopher StevenJone, Curtis VictorTrinko, John J.Gross, Joseph E.White, Katharine M.Ryan, Lester R.Hooker, Maya Saxena
Marc Vellrath (plaintiffs); Rene Stulz (defendant)
Scheindlin

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 classwide damages.

See Also

In re Sadia Securities Litigation

Full Text of Court Cases
July 20, 2010

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.