Sophisticated Event Study Analysis Illustrates Efficient Market

Business Valuation Update BVLaw
Legal and Court Case Update
December 13, 2005
In re Xcelera.com Securities Litigation
No. 05-1221
US
Federal Court
1st Circuit
United States Court of Appeals

Summary

The U.S. Court of Appeals for the First Circuit affirmed a class certification based on evidenced of an efficient market. The court applied the Cammer Factors to determine if the Fraud on the market theory was appropriate. It gave the most weight to the c ...

See Also

In re Xcelera.com Securities Litigation

The U.S. Court of Appeals for the First Circuit affirmed a class certification based on evidenced of an efficient market. The court applied the Cammer Factors to determine if the Fraud on the market theory was appropriate. It gave the most weight to the c ...