What Good is a Rebuttal Presumption If it Can’t Be Rebutted? Reassessing the Treatment of Reliance and Materiality when Certifying a Securities Fraud Class Action

2012 ◽  
Author(s):  
Courtney Jordan
Keyword(s):  
Class Action ◽  
Securities Fraud

The Role of Directors’ and Officers’ Insurance in Securities Fraud Class Action Settlements

2015 ◽  
Vol 58 (4) ◽  
pp. 747-778 ◽  
Author(s):  
Dain C. Donelson ◽  
Justin J. Hopkins ◽  
Christopher G. Yust
Keyword(s):  
Class Action ◽  
Securities Fraud ◽  
Directors And Officers

Underestimation of Securities Fraud Aggregate Damages Due to Inter-Fund Trades

2013 ◽  
Vol 24 (2) ◽  
pp. 161-173 ◽  
Author(s):  
Steven Feinstein ◽  
Gang Hu ◽  
Mark Marcus ◽  
Zann Ali
Keyword(s):  
Trading Volume ◽  
Claims Data ◽  
Policy Reform ◽  
Class Action ◽  
Trade Volume ◽  
Damage Estimation ◽  
Volume Data ◽  
Securities Fraud ◽  
The Public ◽  
Estimation Models

Abstract Aggregate damages in class action securities cases estimated using standard methodologies and public volume data may be understated due to the frequent occurrence of inter-fund trades. Inter-fund trades are internal crossing trades between funds within the same fund family and are one of the few instances of trading transactions that are not reported publicly. Consequently, while inter-fund trades show up in submitted claims they are omitted from the public trade volume data generally used to estimate aggregate damages. Using actual claims data obtained from a claims administrator in a recent case, we find a significant number of damaged shares attributable to inter-fund trades, for which traditional damage estimation models do not account without an adjustment to the models' trading volume input. Our findings have implications for how aggregate damages should be estimated and call for policy reform in the reporting of inter-fund trades.

Estimating Economic Damages in Class Action Securities Fraud Litigation

1999 ◽  
Vol 12 (1) ◽  
pp. 1-11 ◽  
Author(s):  
Edward A. Dyl
Keyword(s):  
Class Action ◽  
Securities Fraud ◽  
Economic Damages

Abstract No abstract available.

Supreme Court reaffirms “fraud-on-the-market” presumption in securities fraud class actions

2014 ◽  
Vol 15 (4) ◽  
pp. 37-40
Author(s):  
Veronica Rendon ◽  
John Freedman ◽  
Adam Reinhardt
Keyword(s):  
Supreme Court ◽  
Case History ◽  
Design Methodology ◽  
Class Action ◽  
Securities Fraud ◽  
Content Type ◽  
Class Actions ◽  
Practical Guidance ◽  
Securities Laws

Purpose – To explain the Supreme Court’s recent decision in Halliburton Co. v. Erica P. John Fund, Inc. and its implications for private class action litigation under the federal securities laws. Design/methodology/approach – Explains the background on the Halliburton decision, including the prior case history and key precedents, analyzes the key reasoning and holdings of the decision, and discusses the implications of the decision and how it will impact private class actions brought under the securities laws. Findings – While there was considerable pontification in the bar that the Halliburton case might provide a vehicle to curtail many class actions brought under the securities laws, the Halliburton decision left prior law and practice largely intact, but provides defendants in such cases a tool to challenge viability of lawsuits in certain circumstances. Originality/value – Practical guidance from experienced securities litigators.

The Indian Securities Fraud Class Action

2021 ◽  
pp. 462-478
Author(s):  
Brian T. Fitzpatrick ◽  
Randall Thomas
Keyword(s):  
Class Action ◽  
Securities Fraud
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