In In re KBC Asset Mgmt. N.V., 2014 U.S. App. LEXIS 13489 (6th Cir. July 11, 2014), the Sixth Circuit affirmed the trial court's dismissal of a claim brought under the Securities Exchange Act of 1934 based on the plaintiff's failure to plead adequate loss causation. The case centered on allegedly fraudulent statements that defendant Eaton Corporation made in connection with a separate trade secrets lawsuit that it filed against a competitor. In rejecting the plaintiff's boilerplate loss causation allegations, the panel explained that "to plead loss causation adequately" a plaintiff must show that "'the act or omission of the defendant . . . caused the loss for which the plaintiff seeks to recover damages.'" Id. at *9 (citing 15 U.S.C. § 78u-4(b)(4)). Here, however, the Court parsed through the corrective disclosure at issue and determined that plaintiff's allegations did not amount to new information to the market. Instead, the alleged corrective disclosure was old news that the market should have already "absorbed long before." Id. at *11. Overall, this case underlines the importance of loss causation in the Sixth Circuit at the pleading stage of a securities fraud lawsuit and how the "failure to plead loss causation adequately is fatal to [a plaintiff's] § 10(b) claim." Id. at *17. Moreover, this case illustrates how courts in the Sixth Circuit consider the entire context in which an alleged "corrective disclosure" was made when considering whether a plaintiff has adequately stated a claim.