S&C Securities Litigation Practice Co-Heads Jeff Scott and Julia Malkina, and Deputy Managing Partner of the Firm’s Litigation Group David Rein authored an article for Daily Journal on NVIDIA’s petition for Ninth Circuit review of a class certification order in a securities fraud case. The article analyzes key Supreme Court standards governing class-wide damages and reliance, and how the Ninth Circuit’s approach could shape securities class action litigation in the years ahead.
The authors discuss two heavily contested issues in securities litigation: whether plaintiffs must demonstrate a workable methodology for measuring damages on a class-wide basis and how courts should evaluate efforts to rebut the fraud-on-the-market presumption of reliance. They also highlight the importance of additional appellate guidance for district courts within the Ninth Circuit, which remains one of the most active jurisdictions for securities class actions.
Read: “NVIDIA Ninth Circuit Petition Raises Critical Issues for Securities Class Actions”