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.
Factors affecting variations in securities class action claims rates
Claims rates are of interest to parties to the settlement process. Average claims rates, which are well below 100%, suggest either that plaintiffs’ class-wide...