Vol. 124 No. 5
COMING UP SHORT: USING SHORT-SELLER REPORTS TO PLEAD LOSS CAUSATION IN SECURITIES CLASS ACTIONS
Plaintiffs in securities class actions have increasingly relied on reports published by anonymous short sellers when alleging the element of loss causation. Indeed, short-seller reports are useful for plaintiffs, as they purport to reveal negative information about a targeted company and generally cause a decline in the targeted company’s stock price. Unlike other types of corrective disclosures, however, short-seller reports are unique in that[...]