Assessing market efficiency for reliance on the fraud-on-the-market doctrine after Wal-Mart and Amgen
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Bajaj is the Global Head of the Finance and Securities Practice of Navigant Economics. Mazumdar is the Lead Director of the Finance and Securities Practice of Navigant Economics. Both are members of the Finance faculty at the Walter A. Haas School of Business, University of California-Berkeley. Daniel A. McLaughlin is Counsel with Sidley Austin LLP. The opinions expressed herein are opinions of the authors alone and not of their respective organizations or their clients.
Bajaj is the Global Head of the Finance and Securities Practice of Navigant Economics. Mazumdar is the Lead Director of the Finance and Securities Practice of Navigant Economics. Both are members of the Finance faculty at the Walter A. Haas School of Business, University of California-Berkeley. Daniel A. McLaughlin is Counsel with Sidley Austin LLP. The opinions expressed herein are opinions of the authors alone and not of their respective organizations or their clients.
The Law and Economics of Class Actions
ISBN: 978-1-78350-951-5, eISBN: 978-1-78350-952-2
ISSN: 0193-5895
Publication date: 18 March 2014
Abstract
These issues have policy implications because, once a class is certified, defendants frequently settle to avoid the magnified costs and risks associated with a trial, and the merits of the case (including the proper application of legal presumptions) are rarely examined at a trial.
Keywords
Acknowledgements
Acknowledgments
The authors thank Carl Vogel and Debo Sarkar of Navigant Economics, and Howard Privette and D. Scott Carlton at Paul Hastings for their comments on earlier drafts, Christina Hang for her valuable research assistance, and the editor Jim Langenfeld and an anonymous referee of this volume for their helpful comments.
Citation
Bajaj, M., Mazumdar, S.C. and McLaughlin, D.A. (2014), "Assessing market efficiency for reliance on the fraud-on-the-market doctrine after Bajaj is the Global Head of the Finance and Securities Practice of Navigant Economics. Mazumdar is the Lead Director of the Finance and Securities Practice of Navigant Economics. Both are members of the Finance faculty at the Walter A. Haas School of Business, University of California-Berkeley. Daniel A. McLaughlin is Counsel with Sidley Austin LLP. The opinions expressed herein are opinions of the authors alone and not of their respective organizations or their clients.
Publisher
:Emerald Group Publishing Limited
Copyright © 2014 Emerald Group Publishing Limited