This case involves trading that occurred on a major European stock exchange. The plaintiff, a liquidated private equity fund, owned zero coupon bonds convertible into common stock issued by a large entertainment firm based in Germany. The plaintiff converted its bonds and received fewer shares of common stock on conversion than it believes it was entitled to under the applicable conversion formula. The ability of the plaintiff to purchase the approximately 30 million additional shares it believes it should have received in a fairly short time frame following the conversion given the level of liquidity of common stock was called into question. Additionally, the impact that such an acquisition program would have had on the trading price of company shares was also called into question.