Evaluation of the price impact of an alleged third-party corrective disclosure

Led a project team evaluating the price impact of an alleged third-party corrective disclosure. Analyzed several unique aspects of the case, including the materiality of the alleged misrepresentations; the nature of the alleged corrective disclosure; and the contrast between the counterfactual disclosures and the alleged corrective disclosures, and how that impacts a loss causation analysis and the estimation of the but-for price response. Used trading records to establish that the company was the subject of a short-and-distort scheme. All claims against our client were ultimately dismissed.