On July 23rd, the Eleventh Circuit affirmed, for different reasons, the district court's entry of judgment as a matter of law, dismissing plaintiff's securities fraud case. The jury returned inconsistent answers to special interrogatories and a general verdict which partially favored plaintiffs. When defendants moved for judgment as a matter of law, the district court discarded one of the special answers and granted the motion. The Eleventh Circuit holds it was improper to rely on the jury's answers at all. When a court considers a motion for judgment as a matter of law, even after the jury has rendered a verdict, only the sufficiency of the evidence matters. Here, because the evidence failed to support loss causation, the judgment is affirmed. Hubbard v. BankAtlantic Bancorp, Inc.
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Securities fraud case failed for lack of evidence, not juror confusion
- Winston & Strawn LLP
- USA
- July 30 2012
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Nadia Martel
Senior Legal Counsel
Bombardier Recreational Products Inc
