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Last week, a three-judge panel of the 9th U.S. Circuit Court of Appeals issued a significant decision in a shareholder class action against BofI, a bank holding company. The appeals court, in an opinion by Judge Paul Watford, revived a class action alleging, among other things, that the bank’s share price plunged in response to […]
Halliburton case is fourth win for investors in the last two terms in Supreme Court securities cases.
Supreme Court holds securities fraud plaintiffs need not prove loss causation to obtain class certification.
Can securities litigation plaintiffs establish loss causation against mutual funds?
Guest columnists Peter Wald and Jeff Hammel of Latham & Watkins LLP write about the Omnicom case and the stringent standard plaintiffs must meet to show loss causation at summary judgment.