Supreme Court Decides Goldman Sachs Group Inc. v. Arkansas Teacher Retirement System
By EsqSocial Corporation 23/06/21
On June 21, 2021, the U.S. Supreme Court decided Goldman Sachs Group Inc. v. Arkansas Teacher Retirement System, holding that: (1) the generic nature of misrepresentation is often important evidence of price impact that courts should consider when certifying a class in securities class actions and (2) the defendant bears the burden of persuasion to prove lack of price impact by the preponderance of the evidence at the certification stage....
By: Faegre Drinker Biddle & Reath LLP