VMwareVMware, Inc. Securities Litigation
October 11, 2024. Parties in the VMware, Inc. securities matter (Northern District of California) agreed to settle for $102.5 million. Plaintiff alleged that VMware had made materially false and misleading statements about an artificial sales backlog to hide slowing sales. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert testimony and reports on market […]
Securities Litigation Event Studies in the Covid Volatility Regime
Our Academic research on different volatility regimes presents a methodology to use a regression estimated in a sample of stable volatility (i.e., without heteroskedasticity) to conduct inference in a subsequent, out-of-sample period of unstable volatility. Critical values for out-of-sample test of significance use the empirical distribution of the t-tests rather than large-sample distribution. This paper […]
“SPAC Public Warrant Valuation,” presented at FMA Annual Meeting
Crowninshield’s Steven Feinstein, along with Crowninshield interns Ayussh Ahuja, Achraf Krafssi, and Duke Tsapalas, presented “SPAC Public Warrant Valuation” at the 2021 FMA Annual Meeting in Denver, CO on October 21, 2021. See the full presentation here: https://cfrllc.com/spac-public-warrant-valuation/
Eletrobras Securities Litigation
December 12,2018. The Court in the Eletrobras securities matter (Southern District of New York) approved a class action settlement in the amount of 14.75 million. Plaintiffs alleged that Eletrobras had been involved in bribery and corruption scheme that reached the highest levels of the company Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert […]
