U.S. Supreme Court Rules That A Securities Fraud Class Action Can Be Certified Without Pre-Certification Proof Of Loss Causation

June 10, 2011

On June 6, 2011, the Supreme Court of the United States decided that a class action plaintiff need not prove, for purposes of establishing that issues common to all class members predominate over individual issues, loss causation at the class certification stage of a securities fraud action. Please see the memorandum for more details.

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U.S. Supreme Court Rules That A Securities Fraud Class Action Can Be Certified Without Pre-Certification Proof Of Loss Causation