Legal Opinion
Glickenhaus & Company v. Household International, Inc.
Court of Appeals for the Seventh Circuit
Decided May 21, 2015No. 13-3532PublishedCited by 67 opinions
1Opinion of the Court
SYKES, Circuit Judge.
This securities-fraud class action was tried to a jury and produced an enormous judgment for the plaintiffs — $2.46 billion, apparently one of the largest to date. 1 The defendants are Household International, Inc., and three of its top executives. 2 They challenge the judgment on many grounds, but their primary contention is that the plaintiffs failed to prove loss causation. Proving this element takes sophisticated expert testimony, and the plaintiffs hired one of the best in the field.
The defendants broadly attack the expert’s loss-causation model. They also make the…
2Cases cited39 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
- Comcast Corp. v. BehrendSupreme Court of the United States · 2013
- Skilling v. United StatesSupreme Court of the United States · 2010
- FindWhat Investor Group v. FindWhat. ComCourt of Appeals for the Eleventh Circuit · 2011
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3Cited by67 opinions
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- Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement SystemSupreme Court of the United States · 2021
- Deon Patrick v. City of ChicagoCourt of Appeals for the Seventh Circuit · 2020
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