Annie Ostrager, Co-Head of S&C’s Employment Law Group and partner in S&C’s Litigation Group, and Litigation associate Emily Grasso, authored an article for Lexis Practical Guidance providing an overview of recent developments in the class action standing doctrine, and strategies for challenging standing in class action litigation.
The authors discuss requirements under the Fed. R. Civ. P. 23 and the Private Securities Litigation Reform Act (PSLRA), and recent case law examples including TransUnion, where the court held that all class members must have Article III standing to recover damages in a class action. They also outline key standing challenge opportunities including at the motion to dismiss stage, class certification stage, final judgement stage, and on appeal.
Read the article: ‘Securities Class Action: Challenging Standing’