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In the 15 years since Daubert v. Merrell Dow Pharmaceuticals, Inc., 509 U.S. 579 (1993), the criteria used to determine reliability of opinion evidence under FRE 702 have become a familiar litany.
Most commentators find in Justice Harry Blackmun's opinion four nonexclusive factors for assessing whether the methodology underlying proffered opinion testimony provides the necessary assurance of reliability. E.g., Standards and Procedures for Determining the Admissibility of Expert Evidence After Daubert, ACTL (1994). In shorthand form, trial lawyers refer to the four factors as: 1) testability, 2) peer review, 3) potential error rate, and 4) general acceptance.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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