Jury Deliberates for Less Than Two Hours On August 7, 2018, Elon Musk tweeted “Am considering taking Tesla private at $420. Funding secured.” In another tweet later that day, he wrote “Investor support is confirmed. Only reason why this is not certain...

This litigation arose from Chesapeake Energy Corporation’s (“Chesapeake”) Chapter 11 filing and subsequent plan of reorganization. Chesapeake was once the second-largest U.S. natural gas producer, but, following declines in oil and gas prices, in November 2019 Chesapeake announced concerns about...

Court Relies on the Testimony of Compass Lexecon Senior Consultant Professor Allen Ferrell The Attorney General of the State of New York (“NYAG”) alleged that ExxonMobil provided false and misleading statements to the market regarding its management of “economic risks...

In this securities class action, District Judge Andrew P. Gordon granted Defendants’ motion for summary judgment in January 2017, ruling that, among other things, Plaintiffs and their expert did not establish loss causation. Plaintiffs claimed that Defendants had artificially inflated...

Court Relies Heavily on Compass Lexecon Senior Advisor Dr. Jonathan Arnold – Citing His Testimony Extensively in Support of Its Opinion On November 15, 2016, Judge Francisco A. Besosa of the U.S. District Court for the Commonwealth of Puerto Rico,...

Compass Lexecon President Daniel R. Fischel Makes Recommendations and Testifies at Trial In this matter, JP Morgan offered a $4.5 billion settlement to Trustees for 330 RMBS Trusts to settle claims relating to representations, warranties, documentation and servicing on mortgages...

Court Relies on Analysis of Compass Lexecon Affiliate Professor Allen Ferrell In an important decision analyzing relevant precedents and admissible expert testimony based on a leakage model in securities fraud litigation, Judge Robert W. Sweet of the Southern District of...

Compass Lexecon’s President Professor Daniel R. Fischel was retained by the Plaintiff class to analyze the economic evidence in connection with their allegations of securities fraud against Household International. In an earlier trial, a federal court jury in Chicago adopted...

On April 12, 2016, the Eighth Circuit Court of Appeals reversed a district court ruling certifying a securities class action against Best Buy and three of its executives regarding certain allegedly false and misleading statements. The Court held that the...

Compass Lexecon was retained by counsel for Bank of New York Mellon (“BNYM”) as Trustee to evaluate a proposed $8.5 billion settlement between 530 Trusts and Bank of America. The Trusts had purchased mortgage backed securities from Countrywide prior to...

Judgment Follows Successful Trial Testimony of Compass Lexecon's President, Professor Daniel R. Fischel Last week, Judge Ronald A. Guzman of the Northern District of Illinois entered a judgment against Household International (now HSBC Finance Corporation) and three officer defendants of...

On October 16, 2013, a federal jury rejected SEC claims that Mark Cuban engaged in insider trading when he sold his stake in internet company Mamma.com after learning that the company would sell shares in a private investment in public...

On January 7, 2013, U.S. District Judge Deborah Batts denied the New York Attorney General’s (“NYAG”) objection to a $115 million settlement in an AIG securities litigation. Defendants included AIG, Hank Greenberg, and C.V. Starr & Co. The NYAG claimed...

In July 2012, the United States Court of Appeals for the Eleventh Circuit granted judgment on behalf of our clients BankAtlantic and the officer defendants because the court concluded the plaintiffs and their expert failed to demonstrate loss causation and...

COMPASS LEXECON EXPERT TESTIFIES As widely reported in the domestic and international press, a three judge panel of the International Court of Arbitration recently awarded the Dow Chemical Company $2.16 billion in a dispute with Petrochemical Industries Company (Kuwait)("PIC"). Dow...

In March 2012, Judge Laura Taylor Swain of the United States District Court (Southern District of New York) ruled in favor of Compass Lexecon’s client, the plaintiffs in a securities class action against Pfizer Inc. and certain of its officers,...

In one of the most prominent cases arising from the financial crisis, the Securities and Exchange Commission sued Angelo Mozilo and other executives for securities fraud and insider trading related to their work running Countrywide Financial and its mortgage businesses....

The SEC alleged that Dell did not disclose the effect of discounts Dell received from Intel on the Company’s financial results and the effect that Dell’s sourcing of processors from AMD would have on these discounts and the Company’s future...

Plaintiffs filed a case under ERISA alleging breaches of fiduciary duties by Baxter and several related defendants. Compass Lexecon expert Daniel R. Fischel filed reports on behalf of the defendants demonstrating that the economic evidence is inconsistent with plaintiffs’ claim...

Compass Lexecon was retained by Cliff Thau, Steven Paradise, and Hilary Preston of Vinson & Elkins on behalf of their client Stone Energy Corp. in a case involving the company’s revision of its proved oil and gas reserves. Compass Lexecon...

Overstock.com sued our clients Copper River Partners and various entities, claiming that they worked in concert to harm Overstock.com and enrich themselves, including by depressing the company’s stock price through issuance of allegedly false analyst reports and selling the stock...

After separate class action lawsuits filed in federal and New York state courts regarding the fairness of compensation provided to policyholders in the MetLife demutualization were certified, Compass Lexecon expert Michael Keable testified at deposition in both cases that the...

Plaintiffs filed a series of cases under both the securities laws and ERISA challenging various financial disclosures by Baxter. Compass Lexecon experts Daniel R. Fischel and Michael Keable have acted as experts for defendants in these cases in the areas...

Working on behalf of Royal Dutch and Shell, Compass Lexecon provided significant assistance to the defense of this case, which resulting, among other things, the first class-wide settlement between European investors and a European company over European securities claims. The...

Last week, after a five week trial before the Honorable Judge Ronald A. Guzman, a federal court jury in Chicago delivered a verdict against Household International and three officer defendants and in favor of Compass Lexecon's client, a class of...

In this case, Adelphia sued our client Deloitte for malpractice and professional negligence in connection with its auditing work for Adelphia. Adelphia and its experts claimed that Adelphia’s damages ranged from $3.27 billion to $3.64 billion. Daniel R. Fischel of...