Cammer v. Bloom

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the existence of many market makers is one factor helping to support an inference that a company’s stock is traded in an efficient market
• noting that this factor is “the essence of an efficient market and the foundation for the fraud on the market theory.”
• noting that the cause-and-effect factor looks to the relationship “between unexpected corporate events or financial releases and an immediate response in the stock price” (emphasis added)
• explaining that establishing a cause-and-effect relationship is merely “helpful to a plaintiff seeking to allege an efficient market.”
• explaining that establishing a cause-and- effect relationship is merely “helpful to a plaintiff seeking to allege an efficient market” (emphasis added)
• noting that high trading volume implies “a likelihood that many investors are executing trades on the basis of newly available or disseminated corporate information”

Source: CourtListener parenthetical corpus (CC0).