Daubert in the courts – Despite challenge, shareholder damages expert prevails

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Abstract: Although the Daubert standard for expert testimony has been around for about 20 years now, many in the legal community don’t seem to understand it very well — at least that’s what a recent district court ruling in a shareholder lawsuit suggests. When the defendant company challenged the qualifications of the shareholder’s valuator on the basis of what they regarded as his deficient legal knowledge and past methodological errors, the Delaware Supreme Court said they were missing the point. This article summarizes the court’s decision