Jill Gross, director of the Investor Rights Clinic and professor of Securities Litigation and Enforcement at Pace Law School, is available to speak to the media about the Supreme Court’s decision today in Erica P. John Fund v. Halliburton Co.
About Prof. Gross:
- Prior to entering academia, she represented both plaintiffs and defendants in securities class action suits as an attorney in the New York City firms of Kaye Scholer LLP, Morvillo Abramowitz Grand Iason & Silberg, and Parcher Hayes & Snyder
- Author of numerous law review articles on investor justice
- Since 1999, she has directed the Investor Rights Clinic, where student attorneys, under faculty supervision, handle securities arbitrations and mediations before the Financial Industry Regulatory Authority (FINRA) on behalf of small investors.
Professor Gross on Erica P. John Fund v. Halliburton Co.:
“The decision is important to investors because it removes a hurdle class action plaintiffs had to overcome before proceeding with what was likely their only remedy for securities fraud. Requiring plaintiffs to prove the element of ‘loss causation’ at the class certification stage before they could take discovery imposed an obstacle not contemplated by Congress when it enacted the federal securities laws. The Supreme Court’s unanimous opinion sends a strong signal that lower courts cannot use class certification as a procedural device to block investors from vindicating their statutory rights.”
Manager, Media Relations
Pace Law School
cell (914) 329-8680