Q2 Stock Drop Stats Buoy High Court's Goldman Ruling
Law360 (July 9, 2021, 3:38 PM EDT) -- Private enforcement of the federal securities laws is mission-critical to sustain the transparency of America's capital markets and uphold the rules of engagement between public corporations and shareholders that trust directors and officers to lead these institutions on their behalf.
According to our data and analyses — which are derived from proactive, independent, claim-specific, single-firm event study analyses — the second quarter of 2021 is tied with the second quarter of 2020, with roughly two of every five, or 39%, alleged stock drops claimed against U.S. issuers exhibiting an absence of back-end, or indirect, price impact.
The U.S. Supreme Court's recent...
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