Securities,
Corporate,
9th U.S. Circuit Court of Appeals
Feb. 8, 2018
9th Circuit decision clarifies securities fraud loss causation rule
While establishing loss causation in securities fraud actions is not always factually simple, it is helpful to be reminded that it is just a proximate causation inquiry; nothing more.
Ex Kano S. Sams II
Partner
Glancy, Prongay & Murray LLP
Phone: (310) 201-9150
Email: esams@glancylaw.com
Jonathan M. Rotter
Partner
Glancy, Prongay & Murray LLP
Phone: (310) 201-9150
Email: jrotter@glancylaw.com
Harvard Univ Law School; Cambridge MA
In an admirably short and clear per curiam opinion, an ideologically diverse panel of the 9th U.S. Circuit Court of Appeals (Judges Sidney R. Thomas, J. Clifford Wallace and Consuelo M. Callahan) reaffirmed that loss causation in securities fraud cases is not as doctrinally complicated as it sometimes seems. The case, Mineworkers Pension Scheme v. First Solar, Inc., 2018 DJDAR 1063 (9th Cir. Jan. 31, 2018), answered the district court's que...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In