In 2015, Plaintiff Michael J. Angley filed a proposed class action lawsuit against UTi Worldwide, Inc. alleging violations of the federal securities laws. Counsel for the proposed class retained Cynthia Jones, CFA of Monument Economics Group to provide expert testimony concerning class certification issues. Following a recent hearing on the matter, the Court granted class certification on April 19, 2018.
A controversial issue argued Tuesday before the U.S. Supreme Court was whether the Second Circuit should have given complete deference to a declaration that price-fixing by two vitamin C manufacturers was required by Chinese law. When a foreign government’s regulation is exempt, measuring damages attributable only to the cartel respects international comity while also recognizing how foreign cartels can harm U.S. customers, say economists of Monument Economics Group.