Barclays Bank et al. v. Strougo et al.
Published on:
February 23, 2016
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Court of Appeals
(Second Circuit)
(Rule 23(f) petition)
Amicus Issue:
Whether a plaintiff must use an event study to prove market efficiency for purposes of the Basic fraud-on-the-market presumption of reliance. Whether, under Comcast, plaintiffs seeking class certification may rely upon damages models that include losses unrelated to the defendants’ alleged conduct.
Counsel of Record:
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Charles E. Davidow
Marc Falcone
Robin Tarnofsky
Other Amici:
None.