Court rejects materiality requirement for securities class certification
A securities fraud plaintiff was not required to submit proof of materiality in order to obtain class certification, the U.S. Supreme Court has ruled 6-3. The decision affirmed a ruling from the 9th...
View ArticleAnother Supreme win for securities class plaintiffs
WASHINGTON – At a time when class certification has become tougher under recent U.S. Supreme Court precedent, securities plaintiffs scored a major win when the justices ruled that materiality need not...
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