Proposed Order — Brooks v. Thomson Reuters Corporation (Dkt. 157.3)

Summary

A [Proposed] Order Granting Defendant's Motion to Exclude Testimony of Finance Scholars Group, Inc. (Dr. Terry Lloyd), Document 157-3, filed 02/06/23 in Case 3:21-cv-01418-EMC, Cat Brooks and Rasheed Shabazz v. Thomson Reuters Corporation, in the United States District Court for the Northern District of California, San Francisco Division, two pages. The proposed order recites that Thomson Reuters moved to exclude the testimony of Plaintiffs' expert and that Plaintiffs oppose. It would grant the motion and find that the opinion offered by Dr. Lloyd is neither relevant nor reliable as required by Daubert v. Merrell Dow Pharm., Inc. It would state that the testimony is not relevant because it measures gross rather than net profit, which is not an appropriate measure of disgorgement in this case.

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     Case 3:21-cv-01418-EMC         Document 157-3     Filed 02/06/23    Page 1 of 2



 1    Susan D. Fahringer, Bar No. 21567              Gabriella Gallego, Bar No. 324226
      SFahringer@perkinscoie.com                     GGallego@perkinscoie.com
 2    Nicola C. Menaldo, pro hac vice                PERKINS COIE LLP
 3    NMenaldo@perkinscoie.com                       3150 Porter Drive
      Erin K. Earl, pro hac vice                     Palo Alto, CA 94304-1212
 4    EEarl@perkinscoie.com                          Telephone: 650.838.4300
      Anna M. Thompson, pro hac vice                 Facsimile: 650.838.4350
 5    AnnaThompson@perkinscoie.com
      PERKINS COIE LLP                               Hayden M. Schottlaender, pro hac vice
 6    1201 Third Avenue, Suite 4900                  HSchottlaender@perkinscoie.com
 7    Seattle, WA 98101-3099                         PERKINS COIE LLP
      Telephone: 206.359.8000                        500 N. Akard Street, Suite 3300
 8    Facsimile: 206.359.9000                        Dallas, TX 75201-3347
                                                     Telephone: 214.965.7700
 9    Attorneys for Defendant                        Facsimile: 214.965.7799
      Thomson Reuters Corporation
10

11                              UNITED STATES DISTRICT COURT
                              NORTHERN DISTRICT OF CALIFORNIA
12                                 SAN FRANCISCO DIVISION
13

14   CAT BROOKS and RASHEED                      Case No. 3:21-cv-01418-EMC
     SHABAZZ, individually and on behalf of
15   all others similarly situated,              [PROPOSED] ORDER GRANTING
                                                 DEFENDANT’S MOTION TO EXCLUDE
16                         Plaintiffs,           TESTIMONY OF FINANCE SCHOLARS
                                                 GROUP, INC. (DR. TERRY LLOYD)
17          v.

18   THOMSON REUTERS CORPORATION,

19                         Defendant.

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     Case No. 3:21-cv-01418-EMC                               [PROPOSED] ORDER GRANTING DEF.’S
                                                                  MOTION TO EXCLUDE DR. LLOYD
     Case 3:21-cv-01418-EMC          Document 157-3         Filed 02/06/23       Page 2 of 2



 1                                         [PROPOSED] ORDER

 2          Defendant Thomson Reuters has filed a Motion to Exclude the Testimony of Plaintiffs’

 3   Expert, Finance Scholars Group, Inc. (Dr. Terry Lloyd) (the “Motion”). Plaintiffs oppose that

 4   Motion. Having considered the Motion, Plaintiffs’ Opposition, and all associated briefing,

 5   documents, and evidence on the record at the time of this Order, Defendant’s Motion is hereby

 6   GRANTED. The Court finds that the opinion offered by Dr. Lloyd is neither relevant nor reliable,

 7   as required by Daubert v. Merrell Dow Pharm., Inc., 509 U.S. 579, 589 (1993). Dr. Lloyd’s

 8   testimony is not relevant because it measures gross (as opposed to net) profit, which is not an

 9   appropriate measure of disgorgement in this case. Dr. Lloyd’s testimony is further irrelevant

10   because it fails to determine the amount of net profit attributable to the conduct that Plaintiffs in

11   this case contend is “unjust.” Dr. Lloyd’s testimony is unreliable because he has not established

12   that deducting incremental costs from allocated total revenues is a valid accounting method. It is

13   further unreliable because the data upon which Dr. Lloyd relies for a critical figure in his

14   calculations is itself inherently incomplete and unreliable.

15          His testimony and report to date are therefore excluded.

16   IT IS SO ORDERED.

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18    DATED: ____________________                          __________________________________
                                                           Judge: Hon. Edward M. Chen
19                                                         United States District Judge
20

21   Submitted by:

22   PERKINS COIE LLP
23

24   By: /s/ Hayden M. Schottlaender
     Hayden M. Schottlaender
25
     Attorneys for Defendant
26   Thomson Reuters Corporation
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     Case No. 3:21-cv-01418-EMC                      -2-            [PROPOSED] ORDER GRANTING DEF.’S
                                                                        MOTION TO EXCLUDE DR. LLOYD


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