Extract from the AFFIC Proceedings 2015–2016 – Compensation for financial loss suffered by investors in listed companies

Report on a presentation by Maurice NUSSENBAUM at a conference organised by the AFFIC.

The use of studies to analyse abnormal fluctuations in a share’s price following misleading information or price manipulation.

To analyse the impact of inaccurate information on a share price, one cannot rely on the traditional ‘before and after’ method following the disclosure of the information in question, as other factors may have affected the price and it is impossible to isolate the specific causes.

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