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Two Recent Second Circuit Decisions Provide Opportunity for Supreme Court to Address Whether American Pipe Tolling Extends to Statutes of Repose

USA - July 19 2016 The tolling rule established by the Supreme Court in American Pipe & Construction Co. v. Utah generally provides that the commencement of a class…

Agnès Dunogué, Brian G. Burke, Jaculin Aaron, Matthew L. Craner, Stuart J. Baskin.

Second Circuit Stresses Control, Not Attribution, in Applying Janus’s “Ultimate Authority” Test, and Also Allows Expert Testimony in Support of an “Inflation-Maintenance” Theory of Liability

USA - April 18 2016 In Janus Capital, the Supreme Court established the “ultimate authority” test to determine who may be liable under Section 10(b) of the Securities…

Agnès Dunogué, Jaculin Aaron, Matthew L. Craner, Stephen Fishbein, Stuart J. Baskin.

Eighth Circuit Holds Presumption of Reliance Rebutted Under Halliburton II and Reverses Class Certification in Securities Action

USA - April 14 2016 On April 12, 2016, in IBEW Local 98 Pension Fund v. Best Buy Co., No. 14-3178, slip. op. (8th Cir. Apr. 12, 2016), the United States Court of Appeals…

Agnès Dunogué, Jaculin Aaron, Matthew L. Craner, Stephen Fishbein, Stuart J. Baskin.

Second Circuit’s First Published Opinion Applying Omnicare Adopts Strong Contextual Approach to Opinion Statement Liability

USA - March 7 2016 In Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund, 135 S.Ct. 1318 (2015) (“Omnicare”), the Supreme Court pronounced…

Agnès Dunogué, Jaculin Aaron, Matthew L. Craner, Stephen Fishbein, Stuart J. Baskin.

Supreme Court sets standard for Section 11 opinion statement liability in Omnicare ruling

USA - March 26 2015 In its much-anticipated decision in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund ("Omnicare"), No. 13-435 (Mar. 24…

Agnès Dunogué, Jaculin Aaron, Kirsten Nelson Cunha, Matthew L. Craner, Stuart J. Baskin.