Fraud-on-the-Market Theory: Significant Issues and Updates for 2014 and Beyond

07 August 2014
Hosted By: The Knowledge Group

Recently, the Supreme Court issued a highly anticipated decision in Halliburton Co. v. Erica P. John Fund, Inc., which left intact the quarter-century-old "fraud-on-the-market" theory. However, the Supreme Court opinion now allows defendants the opportunity to rebut the presumption of reliance at the class certification stage by showing that alleged misrepresentations had no impact on stock market price.

During this webcast, hosted by The Knowledge Group on 7 August 2014, NERA Vice President Dr. Jordan Milev gave a presentation on the potential implications of the opinion, including the continuing importance of a proper analysis of market efficiency at the class certification stage, as well as how various economic analyses and techniques can be used to distinguish between price movement and price impact and further assist in the fact finder's determination of materiality based on price impact evidence.

Learn more for this webcast via The Knowledge Group.

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