Expert’s Event Study ‘Flouts’ Commonly Accepted Methodology

Business Valuation UpdateVol. 18 No. 3
Legal and Court Case Update
March 2012

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securities litigation
securities, economic damages & lost profits, event study
Bricklayers and Trowel Trades International Pension Fund v. Credit Suisse First Boston
2012 U.S. Dist. LEXIS 4566
January 13, 2012
US
Federal Court
Massachusetts
United States District Court
Scott Hakala (plaintiffs)
Gorton

Summary

District court strike’s expert event study, purporting to support a “fraud on the market theory,” for “flouting” accepted methodology, including “cherry-picking” the event dates and failing to account for confounding factors.

See Also

Bricklayers and Trowel Trades International Pension Fund v. Credit Suisse First Boston

Full Text of Court Cases
January 13, 2012

District court strike’s expert event study, purporting to support a “fraud on the market theory,” for “flouting” accepted methodology, including “cherry-picking” the event dates and failing to account for confounding factors.

This article also appears in:
Business Valuation UpdateVol. 18 No. 3
The Comprehensive Guide to Economic Damages, Seventh Edition