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)
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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.