In their recent peer-reviewed paper ‘Testing excess returns on event days: Log returns vs. dollar returns,’ Tiago Duarte-Silva and Maria Tripolski-Kimel demonstrate that the effect of news on the value of a security or a firm is of the same statistical significance when returns are measured in dollars. The authors examine a previous contrary claim that would have serious implications for securities litigation and other domains. The paper was featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation here.
Securities Litigation Flash Q1 2024 Update
In this edition of CRA’s Securities Litigation Flash, we cover Section 10 (b) and Section 11 filings and settlements from Q1 2024. Filing trends Section 10(b)...