applEcon Partner Janet S. Netz chaired the “How to Quantify Damages?” panel during the Fifth Annual Global Class Action Conference on April 27th in London. The Global Class Action and Mass Torts Conference is one of the largest international class action conferences for 2023.
The panel discussed the issues of quantifying the overcharge rate and the pass-through rate, with a focus on the fact that the overcharge rate is important for determining the harm caused by defendants and the pass-through rate is important for determining which groups of buyers were harmed by defendants. The former is crucial for deterrence and the latter is crucial for restitution. Ideally difficulties in determining the pass-through rate would not prevent a collective action from proceeding, as that would strip away the deterrence role of damages if there is not sufficient precision in compensating the appropriate groups of consumers.
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Event: 2023 Global Class Action and Mass Torts Conference
Date: April 27th & 28th, 2023
Host: Perfect Law
Advisory Board: Noah Wortman, Dr. Ariel Flavian, Lauren McGeever, Scott Hardy, Prof. Christine Riefa, Guy Robson, Steven Weisbrot, and Eric Cramer.
“How to Quantify Damages?” Panelists:
- Janet Netz, Ph.D., applEcon, USA
- Tasneem Azad, Kroll, UK
- Peter Davis, Ph.D., Brattle, UK
- Enno Eilts, Oxera, Germany