U.S. Supreme Court,
Securities
Jun. 30, 2021
Supreme Court brings clarity to ‘fraud-on-the-market’ theory
The U.S. Supreme Court recently addressed important substantive and procedural questions for class certification in federal securities class actions.
Thomas A. Zaccaro
Senior Counsel
Hueston Hennigan LLP
Phone: (213) 788-4039
Email: tzaccaro@hueston.com
Boston College Law School
Thomas is a partner in the firm's Litigation Department. He served as regional trial counsel in the SEC's Los Angeles office.
The U.S. Supreme Court's recent decision in Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, 2021 DJDAR 6111 (June 21, 2021), addresses important substantive and procedural questions for class certification in federal securities class actions. For decades, the Supreme Court has recognized the "fraud-o...
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