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The emerging judicial hostility to the typical damages model employed by plaintiffs in securities class action lawsuits
Ist Teil von
The Business Lawyer, 2001-02, Vol.56 (2), p.483
Ort / Verlag
Chicago: American Bar Association
Erscheinungsjahr
2001
Link zum Volltext
Quelle
Alma/SFX Local Collection
Beschreibungen/Notizen
After a period of often reflexive acceptance by courts anxious to seize upon definitive figures in securities class action lawsuits, the damages model typically employed by the plaintiffs' bar has been subjected to renewed critical scrutiny. Several recent decisions, including one from the US District Court for the Norther District of Illinois and one from the US District Court for the Southern District of New York, may reflect the judiciary's growing intolerance for the untested, speculative nature of plaintiffs' model. In light of this increasing judicial skepticism over the viability of plaintiffs' class action damages model, defendants are likely to press their challenge to the model's more sweeping assumptions, suspect methodologies, and unfounded conclusions.