Tagged: securities

Prof. Jill Gross on SCOTUS decision in Erica P. John Fund v. Halliburton Co. 0

Prof. Jill Gross on SCOTUS decision in Erica P. John Fund v. Halliburton Co.

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.

“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.”

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