Fraud Litigation Highlights Dispute Over ‘Market Efficiency’

Business Valuation UpdateVol. 21 No. 6
Legal and Court Case Update
June 2015

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securities litigation
daubert, expert testimony, admissibility, reliability, securities fraud
In re Groupon Secs. Litig.
2015 U.S. Dist. LEXIS 27334
US
Federal Court
Illinois
United States District Court
Steven P. Feinstein (plaintiffs/investors); Dr. Paul A. Gompers (defendants/company)
Rowland

Summary

Court rebuffs Daubert challenge to investor expert’s efficient market opinion, saying securities law only requires showing that false statements affected stock price and caused loss to investors, not that market perfectly reflected all public information.

See Also

In re Groupon Secs. Litig.

Full Text of Court Cases
May 14, 2015

Court rebuffs Daubert challenge to investor expert’s efficient market opinion, saying securities law only requires showing that false statements affected stock price and caused loss to investors, not that market perfectly reflected all public information.

This article also appears in:
Business Valuation UpdateVol. 21 No. 6
The Comprehensive Guide to Economic Damages, Seventh Edition