Whether a company's securities trade in an informationally efficient market is often an important question in many securities matters, because the fraud-on-the-market presumption of reliance, and class certification, generally depends on it. Market efficiency is also often relevant to valuation, because in an efficient market the market price of a security reflects all publicly available, value-relevant information. We have the expertise and experience to assess market efficiency using the framework and tests accepted by the courts such as the Cammer and Krogman factors. Our work is based on widely-accepted and standard methodologies, frameworks, and analyses and we have been engaged by both plaintiffs and defendants in a wide range of industries in such matters.
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