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Does Securities Enforcement Make Corps. Stronger?

Law360 (January 11, 2011, 2:20 PM EST) -- A few weeks ago, the legal media headlined an article that streaked across its short attention span: “Misdeeds Matter: Long Term Stock Price Performance After the Filing of Class Action Lawsuits” 2010 CFA Institute (Nov. – Dec. 2010). This is a greatly flawed study by Rob Bauer and Robin Braun, two Dutch academics at Maastricht University School of Business and Economics in the Netherlands. It comes to the unremarkable conclusion that stock prices of companies sued in American securities class actions do not recover quickly to...
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