Repleader

Inertia

Inertia means tracking how much a case or wave is moving, from the record, over time. It is shown first as measured series, plain counts of what happened, and second as a Repleader index derived from those series.

The measured series come first

Every matter, court, case type, firm and company page leads with counts we observed in public records, each linked to its source, charted from the first date we hold to today:

These are counts, never modeled. They are the headline numbers and the headline chart on every page.

The Repleader index comes second

Under the measured chart, pages show a line labeled "Repleader index (derived from the series above)", with its components table and a link to this page. The index is a number between 0 and 100 computed from the same records, labeled modeled, and versioned; this version is inertia-1.0. Leaderboards may sort by the index, but every row also shows the raw 7-day and 30-day counts behind it. Nothing on Repleader presents the index as a prediction.

Index backtest pending. The index has not yet been tested against past MDL centralizations. Until the backtest results are published on this page, the index stays unpublished and pages show the measured series only.

The rest of this page defines the index exactly.

Notation

Docket events

Each docket entry is classified by the first matching pattern below (case-insensitive). Weight and direction feed the momentum part of the index. Terminal events end a case's momentum unless a later appeal is filed.

EventWeightDirection
settlement_finalterminalends
dismissal_prejudiceterminalends
judgmentterminalends
jpml_cto6up
mdl_transfer6up
jpml_motion4up
class_cert_granted5up
class_cert_denied5down
class_cert_motion3up
mtd_granted6down
mtd_denied5up
mtd_filed0.8up
msj_granted5down
msj_denied4up
msj_filed0.8up
trial_set5up
settlement_notice4up
appeal1.5up, clears a terminal event
stay2down
dismissal1down
amended_complaint1.5up
removal1up
complaint2up
other0none

Index for a case

For a docket i in matter m:

PartWeightDefinition
A, activity0.20log_norm(ew(entries of i, 14), 20)
M, momentum0.20clamp(sum(weight x direction x hl(entry date, 14)) / 10, -1, 1)
S, spread of filings0.15log_norm(ew(filing dates of dockets in m, 30), 25)
F, plaintiff firms0.10log_norm(ew(first appearance of each plaintiff-side firm in m, 30), 15)
J, MDL stage0.15stage / 3, where 0 is none, 1 a transfer motion, 2 centralized, 3 trial set in the MDL
N, news0.05log_norm(ew(linked headlines, 14), 10)
R, regulators0.10log_norm(ew(linked agency actions, 60), 3)
Q, judge pace0.051 minus the judge's percentile of median days to a first ruling on a motion to dismiss, summary judgment or class certification, among judges with 10 or more such dockets; 0.5 if unknown

raw = 0.20A + 0.20M + 0.15S + 0.10F + 0.15J + 0.05N + 0.10R + 0.05Q

After a terminal event, or a termination date with no later appeal, the index is multiplied by 0.2. The case index is round(100 x clamp(raw, 0, 1) x T, 1).

Index for a matter

C is the mean of the top 10 active case index values, divided by 100.

raw_w = 0.30C + 0.20 log_norm(ew(member filing dates, 30), 50) + 0.10 log_norm(ew(first appearance per court, 30), 15) + 0.05 log_norm(ew(first appearance per defendant, 30), 15) + 0.10 log_norm(ew(first appearance per plaintiff firm, 30), 20) + 0.10J + 0.05 log_norm(ew(headlines, 14), 20) + 0.10 log_norm(ew(agency actions, 60), 5)

After a final settlement approval or the end of the MDL, the index is multiplied by 0.3. The matter index is round(100 x clamp(raw_w, 0, 1) x T_w, 1).

Labels

The 7-day change in the index is labeled rising at +5 or more, falling at -5 or less, and steady otherwise. The raw 7-day and 30-day counts are shown beside every index value, and every input is stored with each daily value.

Backtest plan

The backtest results will be published on this page exactly as computed.