{"id":5454,"date":"2013-04-27T00:00:00","date_gmt":"2013-04-27T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/04\/just_because_supreme_courts_ru"},"modified":"2022-05-04T13:50:23","modified_gmt":"2022-05-04T18:50:23","slug":"just-because-supreme-courts-ru","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/just-because-supreme-courts-ru\/","title":{"rendered":"Just Because Supreme Court\u2019s Rulings in Amgen and Halliburton Give Defendants Less Tools to Beat Weak Class Certifications But Doesn\u2019t Mean Plaintiffs Can Rest Easy"},"content":{"rendered":"

The US Supreme Court\u2019s ruling earlier this year in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds<\/em> (and also in Erica P. John Fund, Inc. v. Halliburton Co.<\/em>) decreases the tools that defendants of federal securities fraud lawsuits <\/a>have to win against the class certification of weak claims. In Amgen, the Court found that plaintiffs don\u2019t have to prove an alleged misrepresentation\u2019s materiality to certify a class under the fraud-on-the-market theory, while in Halliburton, the Court held that plaintiffs don\u2019t have to prove loss causation to garner class certification.<\/p>\n

That said, although the Court\u2019s rulings in recent years often have been considered \u201cpro-plaintiff,\u201d it actually has given securities defendants help in getting rid of the weaker securities fraud cases early on. For example, Bell Atlantic Corp. v. Twombly<\/em> and Ashcroft v. Iqbal<\/em> mandate for plaintiffs to demonstrate that their interpretation of specific facts are plausible and beyond merely possible. Also, even with Amgen and Halliburton decreasing the chances of class certification being defeated on the grounds of loss causation or materiality, these issues can still be addressed in motions for partial summary judgment early on. Such a motion might even be submitted simultaneously as one opposing certification.<\/p>\n

Our securities fraud law firm <\/a>represents institutional and individual investors throughout the US. We believe that filing your own securities case increases your chances of recovering as much of your lost investment back. Over the years, Shepherd Smith Edwards and Kantas, LTD LLP has helped thousands of investors recoup their losses.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The US Supreme Court\u2019s ruling earlier this year in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds (and also in Erica P. John Fund, Inc. v. Halliburton Co.) decreases the tools that defendants of federal securities fraud lawsuits have to win against the class certification of weak claims. In Amgen, the Court found that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741],"tags":[],"class_list":["post-5454","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nJust Because Supreme Court\u2019s Rulings in Amgen and Halliburton Give Defendants Less Tools to Beat Weak Class Certifications But Doesn\u2019t Mean Plaintiffs Can Rest Easy — Investor Lawyers Blog — April 27, 2013<\/title>\n<meta name=\"description\" content=\"The US Supreme Court\u2019s ruling earlier this year in Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds (and also in Erica P. 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