The US government hired CRA experts in a lawsuit that alleged an investment fund manager had made misleading public disclosures about fund share redemptions during the real estate market collapse. CRA’s expert used prior academic research to develop a statistical model that assessed whether bond share redemptions were abnormally large around the time of the public disclosures. The expert also measured the portion of the manager’s bonus compensation attributable to the performance of the bond fund. Subsequent to the CRA expert’s testimony, the defendant entered into a settlement and accepted all remedies sought by the US government.
Were shareholders harmed by Senate Bill 21’s amendments to the Delaware General Corporation Law?
Delaware Governor Meyer signed into law Senate Bill 21 (SB21) in March 2025, updating Delaware’s corporate law, with some of the key provisions including safe...