The Use of Trading Models to Estimate Aggregate Damages in Securities Fraud Litigation

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Use of Trading Models to Estimate Aggregate Damages in Securities Fraud Litigation by : Daniel R. Fischel

Download or read book The Use of Trading Models to Estimate Aggregate Damages in Securities Fraud Litigation written by Daniel R. Fischel and published by . This book was released on 2006 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Underestimation of Securities Fraud Aggregate Damages Due to Inter-Fund Trades

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Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Underestimation of Securities Fraud Aggregate Damages Due to Inter-Fund Trades by : Steven P. Feinstein

Download or read book Underestimation of Securities Fraud Aggregate Damages Due to Inter-Fund Trades written by Steven P. Feinstein and published by . This book was released on 2013 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aggregate damages in class action securities cases estimated using standard methodologies and public volume data may be understated due to the frequent occurrence of inter-fund trades. Inter-fund trades are internal crossing trades between funds within the same fund family, and are one of the few instances of trading transactions that are not reported publicly. Consequently, while inter-fund trades show up in submitted claims they are omitted from the public trade volume data generally used to estimate aggregate damages. Using actual claims data obtained from a claims administrator in a recent case, we find a significant number of damaged shares attributable to inter-fund trades, which traditional damage estimation models do not account for without an adjustment to the models' trading volume input. Our findings have implications for how aggregate damages should be estimated, and call for policy reform in the reporting of inter-fund trades.

Aggregate Damages from Traded Options in Securities Litigation

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Publisher :
ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Aggregate Damages from Traded Options in Securities Litigation by : Kevin Kreitzman

Download or read book Aggregate Damages from Traded Options in Securities Litigation written by Kevin Kreitzman and published by . This book was released on 2008 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines a framework for evaluating the effect of traded options on aggregate damages in class action litigation brought under The Securities and Exchange Commission's rule 10b-5. Although buyers of call options and sellers of put options are sometimes included in the class, it is far more likely that the traded options decrease aggregate damages than increase them.

An Intensive One-day Workshop on Estimating Damages in Securities Litigation

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (558 download)

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Book Synopsis An Intensive One-day Workshop on Estimating Damages in Securities Litigation by :

Download or read book An Intensive One-day Workshop on Estimating Damages in Securities Litigation written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bias of Damage Awards and Free Options in Securities Litigation

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Bias of Damage Awards and Free Options in Securities Litigation by : Philip H. Dybvig

Download or read book Bias of Damage Awards and Free Options in Securities Litigation written by Philip H. Dybvig and published by . This book was released on 2003 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Damage measures in securities fraud cases are very imprecise because they are based on security price changes that reflect both the correction of previous misrepresentation and other independent information. Consequently, potential plaintiffs have a valuable quot;free optionquot; to decide whether or not to file suit, and average damage awards are greater than actual damages, much greater when markets are volatile. The quot;Private Securities Litigation Reform Act of 1995quot; was intended to curb abusive litigation and to address the problem of excessive damage awards. Motivated by a misdiagnosis that excess awards are due to temporary price drops, the Act limits damages to the difference between the purchase price and the time-average trading price from the release of the corrective information until 90 days later or until the sale of the security, whichever is first. Unfortunately, the Act's modified measure of damages suffers from a more severe free-option problem than did the traditional measure. Also, the Act introduced an additional new option to time the sale of the security; the effects of these options may be mitigated by the impact of the positive drift in stock prices over time, if the time-average price is not adjusted for market movements. As a result, the bias can be larger or smaller under the new Act, depending on how severe the free-option problem is. We propose an alternative approach to addressing the issue of excessive damages: courts should adopt a threshold of measured damages below which no damage would be awarded. The threshold would depend on several factors, most notably the volatility of the stock in the period under question. That is, damages will be awarded only if measured damages exceed the threshold, and awards would be capped by the formula presented in the Reform Act.

Securities Fraud Liability of Secondary Actors

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Publisher : DIANE Publishing
ISBN 13 : 1437989357
Total Pages : 47 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Securities Fraud Liability of Secondary Actors by : Susan D. Sawtelle

Download or read book Securities Fraud Liability of Secondary Actors written by Susan D. Sawtelle and published by DIANE Publishing. This book was released on 2012-10-14 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Securities Litigation Review

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Publisher :
ISBN 13 : 9781910813645
Total Pages : 310 pages
Book Rating : 4.8/5 (136 download)

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Book Synopsis The Securities Litigation Review by : William Savitt

Download or read book The Securities Litigation Review written by William Savitt and published by . This book was released on 2017 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bromberg and Lowenfels on Securities Fraud & Commodities Fraud

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ISBN 13 :
Total Pages : 1416 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Bromberg and Lowenfels on Securities Fraud & Commodities Fraud by : Alan R. Bromberg

Download or read book Bromberg and Lowenfels on Securities Fraud & Commodities Fraud written by Alan R. Bromberg and published by . This book was released on 2008 with total page 1416 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Econometrics of Financial Markets

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Publisher : Princeton University Press
ISBN 13 : 1400830214
Total Pages : 630 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Econometrics of Financial Markets by : John Y. Campbell

Download or read book The Econometrics of Financial Markets written by John Y. Campbell and published by Princeton University Press. This book was released on 2012-06-28 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past twenty years have seen an extraordinary growth in the use of quantitative methods in financial markets. Finance professionals now routinely use sophisticated statistical techniques in portfolio management, proprietary trading, risk management, financial consulting, and securities regulation. This graduate-level textbook is intended for PhD students, advanced MBA students, and industry professionals interested in the econometrics of financial modeling. The book covers the entire spectrum of empirical finance, including: the predictability of asset returns, tests of the Random Walk Hypothesis, the microstructure of securities markets, event analysis, the Capital Asset Pricing Model and the Arbitrage Pricing Theory, the term structure of interest rates, dynamic models of economic equilibrium, and nonlinear financial models such as ARCH, neural networks, statistical fractals, and chaos theory. Each chapter develops statistical techniques within the context of a particular financial application. This exciting new text contains a unique and accessible combination of theory and practice, bringing state-of-the-art statistical techniques to the forefront of financial applications. Each chapter also includes a discussion of recent empirical evidence, for example, the rejection of the Random Walk Hypothesis, as well as problems designed to help readers incorporate what they have read into their own applications.

Securities Reform Act Litigation Reporter

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Publisher :
ISBN 13 :
Total Pages : 828 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Securities Reform Act Litigation Reporter by :

Download or read book Securities Reform Act Litigation Reporter written by and published by . This book was released on 2000 with total page 828 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Litigation Services Handbook

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Publisher : John Wiley & Sons
ISBN 13 : 1119363160
Total Pages : 1439 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis Litigation Services Handbook by : Roman L. Weil

Download or read book Litigation Services Handbook written by Roman L. Weil and published by John Wiley & Sons. This book was released on 2017-03-30 with total page 1439 pages. Available in PDF, EPUB and Kindle. Book excerpt: The comprehensive "bible" for financial experts providing litigation support The Litigation Services Handbook is the definitive guide for financial experts engaged in litigation services. Attorneys require financial experts now more than ever, and this book provides the guidance you need to provide a high level of service as witness and consultant. Enhance your litigation skills as you delve into the fine points of trial preparation, deposition, and testimony; project authority under examination, and hold up to tough questions under cross-examination. Fraud investigations are a major component of litigation support services, and this book delves deep into Sarbanes-Oxley compliance and other relevant topics to give you a foundational understanding of how these cases are prosecuted, and your role as the financial services expert. This updated sixth edition includes new coverage of technology's role in the financial expert's practice, and the focus on investigations provides practical insight from leading experts in the field. From the process itself to proving damages, this indispensable reference covers all aspects of litigation services. Providing litigation support requires more than just your financial expertise; you also need a working knowledge of relevant case law, and a deep understanding of both the litigation process and the finer points of courtroom appearances. This book provides the insight and perspective you need to provide superior service to attorneys and their clients. Understand your role in trial preparation and testimony presentation Provide authoritative responses to direct and cross examination Examine and analyze Sarbanes-Oxley rulings Lend financial expertise to fraud investigations The growing demand for financial expert litigation services has created a niche market for CPAs, creating a lucrative opportunity for qualified accountants who also possess the specialized knowledge the role requires. The Litigation Services Handbook is THE essential guide for anyone involved in financial litigation.

Model Rules of Professional Conduct

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Publisher : American Bar Association
ISBN 13 : 9781590318737
Total Pages : 216 pages
Book Rating : 4.3/5 (187 download)

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Book Synopsis Model Rules of Professional Conduct by : American Bar Association. House of Delegates

Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.

International Convergence of Capital Measurement and Capital Standards

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Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.2/5 (913 download)

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Book Synopsis International Convergence of Capital Measurement and Capital Standards by :

Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Securities Litigation & Enforcement Institute

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Publisher :
ISBN 13 :
Total Pages : 1118 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Securities Litigation & Enforcement Institute by :

Download or read book Securities Litigation & Enforcement Institute written by and published by . This book was released on 2007 with total page 1118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Entrepreneurial Litigation

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Publisher : Harvard University Press
ISBN 13 : 0674736796
Total Pages : 318 pages
Book Rating : 4.6/5 (747 download)

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Book Synopsis Entrepreneurial Litigation by : John C. Coffee

Download or read book Entrepreneurial Litigation written by John C. Coffee and published by Harvard University Press. This book was released on 2015-06-08 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: In class actions, attorneys effectively hire clients rather than act as their agent. Lawyer-financed, lawyer-controlled, and lawyer-settled, this entrepreneurial litigation invites lawyers to act in their own interest. John Coffee’s goal is to save class action, not discard it, and to make private enforcement of law more democratically accountable.

Abandonment of the Private Right of Action for Aiding and Abetting Securities Fraud/staff Report on Private Securities Litigation

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Publisher :
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Abandonment of the Private Right of Action for Aiding and Abetting Securities Fraud/staff Report on Private Securities Litigation by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities

Download or read book Abandonment of the Private Right of Action for Aiding and Abetting Securities Fraud/staff Report on Private Securities Litigation written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and published by . This book was released on 1994 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.

Treatise on the Law of Securities Regulation

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Publisher : West Group Publishing
ISBN 13 :
Total Pages : 632 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Treatise on the Law of Securities Regulation by : Thomas Lee Hazen

Download or read book Treatise on the Law of Securities Regulation written by Thomas Lee Hazen and published by West Group Publishing. This book was released on 2005 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt: