Court:
U.S. Supreme Court (petition for writ of cert.)
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:
Michael H. Park
Patrick Strawbridge
J. Michael Connolly
Other Amici:
U.S. Chamber of Commerce
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