Supreme Court Rules That All Relevant Evidence of Price Impact Matters at Class Certification Stage
By EsqSocial Corporation 25/06/21
On June 21, the U.S. Supreme Court issued its long-awaited decision in Goldman Sachs Group, Inc. et al. v. Arkansas Teacher Retirement System et al. The Court held that in ruling on class certification in a securities action, a court may properly consider all relevant evidence, including the generic nature of alleged misrepresentations, even though such evidence may overlap with the merits. The Court further ruled that on a certification motion, defendants bear the burden of persuasion to prove...
By: Kramer Levin Naftalis & Frankel LLP