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| Proving and Disproving Market Efficiency for Valuation Appraisal Hearings (1683Q) |
Course CPE: 2 hours
Field(s) of Study: Business Law–1 hr; Finance–1 hr
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced Preparation: None
Delivery Method: QAS Self-Study |
Item
Number: 23FL0714PAD
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: July 14, 2023
Presenter: Steven Feinstein
Program Description:
Delaware Chancery Court has recently emphasized that a security price determined in an efficient market is probative of fundamental value, and may be given more weight in a valuation appraisal than a model-based valuation. Consequently, proving or disproving market efficiency has become an important but hotly contested task. Market efficiency tests have always been central in Federal class action security fraud cases, so court-approved methodologies do exist. This session will explore and explain how market efficiency is assessed in Federal cases, and address how these same tests can be applied in Chancery appraisal hearings and other venues.
After completing this course, you will be able to:
- Recognize the meaning of market efficiency
- Identify what indicators and tests are generally accepted in Federal securities cases
- Select approved tests to assess market efficiency in appraisal actions and other valuation assignments
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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