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Expert Analysis

Zoom Damages Ruling Benefits Securities Defendants

By Jared Gerber and Eduardo Amorim ( April 23, 2021, 1:45 PM EDT) -- The U.S. District Court for the Northern District of California recently denied a motion to reconsider its lead plaintiff selection in In re: Zoom Securities Litigation, adhering to its decision that the 90-day bounce-back provision in the Private Securities Litigation Reform Act, which limits damages based on share price recovery following the revelation of the alleged fraud, can be calculated based on an initial corrective disclosure in a case alleging multiple corrective disclosures....

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