• Petrobras Strikes Heavy Blow Against Use Of Event Studies
  • August 8, 2017 | Author: James B. Heaton
  • Law Firm: Bartlit Beck Herman Palenchar & Scott LLP - Chicago Office
  • On July 7, 2017, the U.S. Court of Appeals for the Second Circuit issued its opinion in the securities case of In re Petrobras Securities, No. 16-1914-CV, (2d Cir. July 7, 2017). The panel, including circuit Judges Peter Hall and Debra Ann Livingston, as well as Eastern District of New York District Judge Nicholas Garaufis sitting by designation, affirmed in part and vacated in part certain decisions by Southern District of New York Judge Jed Rakoff certifying a class of Petrobras securities litigants.