‘Fatal Flaw’ in Securities Litigation Is Lack of Expert Loss Causation Evidence

Business Valuation UpdateVol. 15 No. 5
Legal and Court Case Update
May 2009

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4813 Telephone Communications, Except Radiotelephone
517311 Wired Telecommunications Carriers
securities litigation
In re Williams Securities Litigation
2009 WL 388048 (C.A. 10 (Okla.))
February 18, 2009
Federal Court
10th Circuit
Court of Appeals
Behram V Perekh
Dr. Blaine Nye
McConnell

Summary

10th Circuit confirms summary dismissal of securities litigation for lack of reliable expert evidence showing a direct causal link between the parent company’s alleged fraud and the subsidiary’s (a telecom company) substantial loss of market value.

See Also

In re Williams Securities Litigation

Full Text of Court Cases
February 18, 2009

Tenth Circuit confirms summary dismissal of securities litigation for lack of reliable expert evidence showing a direct causal link between the parent company’s alleged fraud and the subsidiary’s (a telecom company) substantial loss of market value.