3 that a defendant must have the opportunity to rebut this presumption by demonstrating that the statements at issue did not impact the stock price. However, lower courts have struggled to apply these decisions due to the lack of guidance on the showing required to rebut the presumption.
Goldman challenges the Second Circuit’s decision to uphold class certification in an inflation-maintenance theory securities fraud class action. Under the inflation-maintenance theory, plaintiffs can claim that misstatements kept a company’s stock price artificially high, rather than causing the price to decrease. Importantly, under this theory, defendants likely cannot look to evidence that the price did not increase initially after the misstatement, but rather may need to rely on evidence that the statement was too generic to impact the price. In oral argument, Goldman asserted that the Second Circuit committed two legal errors. First, Goldman argued that “the court refused to consider the
IPI Partners raises $3.8 billion with a second infrastructure fund Thursday, April 15, 2021
Laxman Pai, Opalesque Asia:
Global investment platform IPI Partners has wrapped up its second flagship private equity fund after securing $3.8 billion from investors, with plans to target data centers and other connectivity-related investments, the firm said.
A press release from the joint venture of ICONIQ Capital and Iron Point Partners pointed out that the fund acquires, develops, leases, and operates data centers.
With the closing of IPI II, IPI has raised more than $5.25 billion in total equity capital commitments since its inception, it said. IPI s second fund attracted demand well over its target, reflecting strong support from a global institutional investor base.
IPI Partners raises $3.8 billion with second infrastructure fund
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IPI Partners, a joint venture of ICONIQ Capital and Iron Point Partners, held a final close of its second infrastructure fund, IPI Partners II, at $3.8 billion, a spokeswoman confirmed.
The fund acquires, develops, leases and operates data centers.
Investors in the fund include the $40 billion Connecticut Retirement Plans & Trust Funds, Hartford; the $24 billion Louisiana Teachers Retirement System, Baton Rouge; the $9.5 billion Rhode Island Employees Retirement System, Providence; and the $27.4 billion New Mexico State Investment Council, Santa Fe; and the $1.4 billion University of Alabama System, Tuscaloosa, Ala.
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