Tag: Inflation
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Economics Expert Allowed to Opine on Constant Inflation
This is a consolidated action for securities fraud brought by Lead Plaintiff Los Angeles County Employees Retirement Association on behalf of a putative class of investors in the Ohio-based electrical utility company FirstEnergy Corporation. Plaintiffs alleged violations of the Securities Exchange Act of 1934 and the Securities Act of 1933 by FirstEnergy, its named officers…
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Economics Expert Allowed to Opine on Stock Inflation
Plaintiffs alleged that Defendants engaged in a scheme to defraud and made numerous materially false and misleading statements and omissions to investors regarding Acadia’s business and operations. Defendants filed a motion to exclude the testimony and opinions of Plaintiff’s expert witness W. Scott Dalrymple. Specifically, Dalrymple was retained to analyze share price inflation and damages associated with Plaintiffs’ allegations. Dalrymple…
