Legal Process
Introductory
Expected Judgment
The expected monetary value of litigation, commonly based on the probability of prevailing and the likely award or liability if judgment is entered.
Why It Matters
Expected judgment helps explain filing decisions, settlement ranges, litigation finance, securities class actions, and the incentives created by fee-shifting rules.
Selected Literature
A short list of directly relevant archive entries.
1996
Advanced
2004
Advanced
2016
Advanced
Related Cases
1975
Securities Regulation
Blue Chip Stamps v. Manor Drug Stores
421 U.S. 723 (1975)
Standing to bring private Rule 10b-5 damages actions and the purchaser-seller limitation.
1976
Securities Regulation
Ernst & Ernst v. Hochfelder
425 U.S. 185 (1976)
Scienter requirement for private damages actions under Section 10(b) and Rule 10b-5.
1984
Corporate Law
Aronson v. Lewis
473 A.2d 805 (Del. 1984)
Demand futility, derivative litigation, and judicial deference to board decisions.
1988
Securities Regulation
Basic Inc. v. Levinson
485 U.S. 224 (1988)
Materiality of merger negotiations and reliance in Rule 10b-5 class actions.