Counsel for the defendants retained Cornerstone Research in a securities class action involving securities issued by Ashanti Goldfields to support testifying experts on the issues of market efficiency, liability, and damages. Retained by Milbank, Tweed, Hadley & McCloy Counsel for the defendants retained Cornerstone Research in a securities class action involving securities issued by Ashanti Goldfields (now AngloGold Ashanti) to support testifying experts on the issues of market efficiency, liability, and damages. In light of the then-descending trend of gold spot prices, Ashanti, one of the largest gold miners in Africa, undertook a substantial hedging program using gold derivative transactions between 1995 and 1999. The experts established the rationale for Ashanti’s hedging program—it h

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