Fideres has published new research in the Berkeley Business Law Journal analyzing how the Goldman decisions are reshaping price impact challenges at class certification. The study, co-authored by Managing Director Dr. Per Axelson and affiliate Dr. Matthew D. Cain, finds that defendants are twice as likely to challenge price impact post-Goldman I, with increasing success rates following Goldman II.
However, the authors’ empirical analysis suggests these advantages may be limited to cases with specific characteristics rather than signaling a permanent shift in securities litigation dynamics. The research provides critical insights for practitioners navigating the evolving standards for proving price impact in Rule 10b-5 cases.
Read the full study in the Berkeley Business Law Journal at: https://lawcat.berkeley.edu/record/1317759?v=pdf