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Issues and Trends in Event-Driven Securities Class Actions  


Author:  Matthew A. Schwartz.; Michael R. Mayer.


Source: Volume 52, Number 20, November 15 2019 , pp.239-245(7)




Review of Securities & Commodities Regulation

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Abstract: 

In this article, the authors discuss typical events and types of statements made by companies that can become the subject of event-driven litigation. They then turn to class certification issues, focusing on the Basic presumption of reliance and the emergence of the “price maintenance” theory of liability.

Keywords: Basic Inc. v. Levinson; “Puffery”; Liability for Omissions; Class Certification

Affiliations:  1: Sullivan & Cromwell LLP; 2: Sullivan & Cromwell LLP.

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