The judge in this multibillion dollar securities class action granted our client’s Daubert motion and denied the opposing side’s motion for class certification. Retained by Cahill Gordon & Reindel Defense counsel retained Cornerstone Research, Professor Joseph Grundfest of the Stanford Law School, and Professor Paul Gompers of the Harvard Business School to respond to the report of the plaintiffs’ expert in this Rule 10b-5 securities class action. U.S. District Judge Katherine Forrest of the Southern District of New York granted the defendants’ D a u b e r t motion and denied the plaintiffs’ motion for class certification. The ruling followed an evidentiary hearing at which experts from both sides testified and were cross-examined. The judge concluded that the plaintiffs did not meet their

Join for free to read