Article
U.S. Supreme Court Holds Loss Causation Not Required For Class Certification
On June 6, 2011, in Erica P. John Fund, Inc. v. Halliburton Co., the United States Supreme Court issued a unanimous decision overruling the Court of Appeals for the Fifth Circuit and expressed the limited holding that investors are not required to prove "loss causation" to obtain class certification in a federal securities fraud case.
Blank Rome LLP
