Supreme Court clarifies that in securities-fraud class actions, courts should consider whether the alleged misrepresentation was “generic”
By EsqSocial Corporation 22/06/21
Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, No. 20-222 - Today, the Supreme Court held that in a securities-fraud class action, the district court should consider whether the alleged misrepresentation is generic in determining whether the misrepresentation affected the price of the security at issue....
By: Mayer Brown Free Writings + Perspectives