Federal Judge Allows Expert Opinion On Stock Trade In Class Action Securities Suit

Mealey's (March 22, 2017, 12:45 PM EDT) -- COLUMBUS, Ohio — An economic expert may opine as to whether the market in which a company’s stock traded was efficient during a class period and whether it is possible to calculate damages on a classwide basis for purposes of liability, an Ohio federal judge ruled March 17 (Alan Willis v. Big Lots Inc., et al., No. 12-0604, S.D. Ohio, 2017 U.S. Dist. LEXIS 38933)....