Tag Archives: fraud on the market

Court ponders class certification standard in securities fraud case

WASHINGTON – In the second of two cases considering what class action plaintiffs must prove to make it past the certification stage, the justices of the U.S. Supreme Court tackled the issue of whether plaintiffs asserting a fraud-on-the-market claim must ...

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Justices take up fraud-on-the-market case

The U.S. Supreme Court has agreed to decide whether plaintiffs must prove materiality to certify a fraud-on-the-market case for class status, and also whether the defendant may present evidence rebutting the applicability of the fraud-on-the-market theory before the certification stage.

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