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SCOTUS Green Lights Price Impact Evidence for Class Cert in Inflation-Maintenance Case | Ulmer & Berne LLP

SCOTUS Green Lights Price Impact Evidence for Class Cert in Inflation-Maintenance Case | Ulmer & Berne LLP
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Federal Circuit Denial of En Banc Rehearing in Amgen v. Sanofi Prompts New Considerations in Genus Claims | Harris Beach PLLC

Federal Circuit Denial of En Banc Rehearing in Amgen v. Sanofi Prompts New Considerations in Genus Claims | Harris Beach PLLC
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Supreme Court to Consider Securities Class Action Issue | Proskauer Rose LLP

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On December 11, 2020, the United States Supreme Court granted certiorari in a shareholder securities litigation against Goldman Sachs.[1] On appeal, Goldman argues that federal securities law permits issuer defendants in purported class actions to rebut the presumption of reliance where the alleged misstatements are of such a generic nature that they could not be expected to have impacted the stock price. The Supreme Court could decide a split between the Second and Seventh Circuits on whether corporations may challenge materiality of the alleged misstatements at the class certification phase of litigation. ....

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