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Class Certification Stock Prices Securities Exchange Act of 1934

Carlton Fields

Second Circuit Clarifies Limitations of Fraud on Market Theory

Carlton Fields on

In a three-ring circus — where the first is the motion to dismiss, the second is class certification, and the third is summary judgment — the Second Circuit Court of Appeals has introduced a new act in the second ring for...more

A&O Shearman

Second Circuit Decertifies Class In Long-Running Putative Class Action, Holding That Defendants Rebutted Presumption Of Reliance

A&O Shearman on

On August 10, 2023, the United States Court of Appeals for the Second Circuit reversed the district court’s class certification order in a putative class action asserting claims under Section 10(b) of the Securities Exchange...more

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