"All of these statements were false. Although LJM automatically generated historical scenario stress tests on every trading day, Defendants did not use those stress tests to estimate worst-case losses to the portfolios during extreme market events. To arrive at the 20% Case: 1:21-cv-02859 Document #: 1 Filed: 05/27/21 Page 2 of 34 PageID #:2 3 estimated worst-case daily loss for the P&G Fund, for example, Defendants simply took the fund’s worst performance on a single day (approximately 9%), doubled it, and then rounded up" I want this job
Oh cool, after reading first part of linked page I finally remembered LJM from the VIX ETN implosion of 2018; legal cases take their fair time.