The Thomas B. Garland

How courts have described this case

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

• noting that an efficient market is one that rapidly reflects new changes in 13 prices
• rejecting argument that “Cammer factors one through four are irrelevant to the issue of the market efficiency”
• “[P]urchasing stock subsequent to a materially adverse disclosure, ‘averaging down,’ is a common technique used to decrease the average cost of an investment and which cannot be used to defeat a proposed class representative’s typicality.”
• “the events for study should be selected using criteria that are as objective as possible.”
• “the presence of ‘arbitrageurs’ — those who quickly exploit (usually small) price differences among different markets — help bring prices across markets quickly into line with one another, enabling different markets to reflect the same information.”
• “[Bjecause index purchases seek only to match the index and exclude other considerations (such as, for example, reliance on nonpublic information or other idiosyncratic motivations), index purchases rely exclusively upon the market to impound any representations (including misrepresentations

Source: CourtListener parenthetical corpus (CC0).