The United States District Court for the Southern District of New York certified a class of investors who purchased or otherwise acquired Petrobras securities between January 22, 2010 and July 28, 2015.
On 25 June 2015, Plaintiff’s class certification motion in the Symbol Technologies, Inc. Securities Litigation was granted. CFR provided analysis of market efficiency for the case.
On 30 January 2015, the United States District Court for the District of Delaware granted default judgment against a defendant in the securities class action case involving China Natural Gas, Inc. CFR provided analysis of loss causation and damages for the case.
On 20 and 24 November 2014, Professor Steven Feinstein of Babson College and Crowninshield Financial Research testified in Federal Court in the Longtop Financial Technologies securities class action lawsuit.
On August 29, 2012, a New Jersey court denied Merrill Lynch & Co. Inc.’s motion for summary judgment over a pension fund’s $300 million investment in preferred stock.