Canal Zone Central Labor Union & Metal Trades Council v. Fleming

How courts have described this case

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

• rejecting the argument that plaintiffs had failed to establish market efficiency because they had not submitted an event study
• rejecting the argument that plaintiffs had failed to establish market efficiency because they had not submitted an event study
• rejecting the argument that plaintiffs had failed to establish market efficiency because they had not submitted an event study
• \Fourth Circuit precedent does not require that the efficiency of the market be proved using an event study to show a cause and effect relationship between company announcements and changes in the company's stock price.\
• “[T]his theory [that each news event would result in a change in price] is not in keeping with the key principle underlying the efficient market theory, namely that in an efficient market material, unexpected information will be timely reflected in the stock price.”

Source: CourtListener parenthetical corpus (CC0).