Forbes / DPK in the News

June 23, 2014

Supreme Court Leaves Fraud On Market Intact, Makes Life A Bit Harder For Securities Plaintiffs

 

“'Today’s decision gives defense lawyers another chance early in a case to have it dismissed and thus avoid the inevitable settlement talks that follow class certification,' said Thomas Dewey of Dewey Pegno and Kramarsky. Corporate defendants now will hire economists to pore over stock charts to show that a company’s stock-price drop reflects other market moves, or that previous, similar announcements didn’t have the same effect, thus undercutting the idea that the price was inflated. ‘It’s a help for the defense, but its nothing like what would have been the case if they’d overruled Basic,’ he said.”

 

Read More.

Tags:

Please reload

Featured Posts

For better or worse, anonymity has long been a fundamental feature of Internet communication, particularly in large-scale Internet communities and on...

New York Law Journal “Procedural Chickens and Eggs: Obtaining Pre-Suit Disclosure To Identify Necessary Parties” by Stephen M. Kramarsky for New York...

March 23, 2020

1/3
Please reload

Recent Posts
Please reload

Archive