Oscar Private Equity Investments et al. v. Holland et al.
Oscar Private Equity Investments et al. v. Holland et al.
2 PagesCounsel for the defendants retained James Malernee, a managing director of Cornerstone Research, to opine on loss causation in this securities class action. Retained by Thompson & Knight Counsel for the defendants retained James Malernee, a managing director of Cornerstone Research, to opine on loss causation in this securities class action. The plaintiffs claimed that Allegiance Telecom, a provider of bundled telecommunications services, artificially inflated its stock price by overstating its installed line count. The plaintiffs alleged that Allegiance’s February 19, 2002, announcement of a downward reconciliation of its line count caused a stock price drop on February 20, 2002. The court denied the plaintiffs’ motion for class certification. Dr. Malernee opined that there was no evidenc
