Securities Litigation During the Credit Crisis: Current Developments and Strategies
New York, New York
11 December 2008
Hosted By: the New York City Bar Center for CLE
In this program, hosted by the New York City Bar Center for CLE on 11 December 2008, an expert faculty discussed important developments in securities litigation and offered strategies and tactics for prosecuting and defending these cases. NERA Senior Vice President Dr. Marcia Kramer Mayer participated in the panel on damages and loss causation. Dr. Mayer reviewed the principal approaches that financial economists use to model security price inflation from alleged misrepresentations and omissions, drawing examples from the sorts of allegations that characterize credit crisis litigation. With inflation as a backdrop, she discussed the analytics of loss causation and damages under Rule 10b-5 and Section 11. She contrasted plaintiffs' experts' and defense experts' views of Dura's implications for the measure of 10b-5 damages, and suggested how Dura might also be relevant to Section 11 damages.
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