Securities
Jun. 14, 2011
Proving Loss Causation in a Securities Litigation
Courts retain discretion over proof of loss causation in class certification analysis. By Eric Landau, Travis Biffar and Kevin Logan of Jones Day and Shawn Harpen of The Patron Spirits Co.
Loss causation and Rule 23's requirements may not pack a throng of interested spectators into the gallery of the U.S. Supreme Court, but the intersection of the two presents a challenging question that is pivotal to the modern securities class action. Loss causation is the requirement that plaintiffs in a federal securities fraud action demonstrate that defendants' allegedly deceptive conduct cau...
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