DCF Valuation Meant to Underpin Fairness Opinion Upends It
Court agrees with plaintiff shareholder that the proposed merger was the result of a defective sale process that included the company board’s reliance on a weak fairness opinion with valuations that were “poor indicators” of the company’s value; the sale ...
Koehler v. Netspend Holdings Inc.
Court agrees with plaintiff shareholder that the proposed merger was the result of a defective sale process that included the company board’s reliance on a weak fairness opinion with valuations that were “poor indicators” of the company’s value; the sale ...
Dueling Daubert Motions in Securities Fraud Litigation Focus on Loss Causation
Federal district court rejects expert’s “insolvency theory” of loss causation, finding that, even when securities fraud leads to a company to bankruptcy, plaintiffs must show causal link between the alleged loss and qualified corrective disclosures.
In re DVI, Inc. Securities Litigation
Federal district court rejects expert’s “insolvency theory” of loss causation, finding that even when securities fraud leads to a company to bankruptcy, plaintiffs must show causal link between the alleged loss and qualified corrective disclosures.
Evidence provided no basis to infer fraud in investment valuations
This securities class action was brought by shareholders of Allied who claimed that Allied used a valuation policy ...
In re Allied Capital Corp. Securities Litigation
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK In re ALLIED CAPITAL CORPORATION SECURITIES LITIGATION. 02 Civ. 3812 (GEL) OPINION AND ORDER Marc A. Perrone, Stull, Stull & Brody, New York, NY (Jules Brody and Aaron Brody, Stull, Stull & Brody; S. Gene Cauley, J. Allen Cauley, and Deborah Sallings, Cauley Geller Bowman & Coates LLP, Little Rock, AR; David Kessler and Michael K. Yarnoff, Bala Cynwyd, PA; on the brief), for Plaintiffs. Charles ...