In this Q&A, we speak with Professor David Denis, who researched the empirical data on fairness opinions and published “Information Production by Investment Banks: Evidence from Fairness Opinions” last year in the Journal of Law and Economics. This article directly examines whether financial advisors’ fairness opinions tend to under- or over-value the acquisition target and, if so, by how much. To read the interview, click the link below.
From preliminary to final approval: How often do settlements in securities class actions fail?
In this CRA Insights, Rahul Chhabra presents analysis of the Institutional Shareholder Services (ISS) data on cases filed in the past 10 years involving...