Amgen v. Connecticut Retirement Plans
Published on:
August 15, 2012
Issue:
SIFMA submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Supreme Court
Amicus Issue:
Whether, in a misrepresentation case under SEC Rule 10b-5, a district court must require proof of materiality before certifying a plaintiff class based on the fraud-on-the-market theory. Whether, in such a case, a district court must allow the defendant to present evidence rebutting the applicability of the fraud-on-the-market theory before certifying a plaintiff class based on that theory.
Counsel of Record:
Paul Hastings LLP
William F. Sullivan
Howard M. Privette
Barry G. Sher
Peter M. Stone
Stephen B. Kinnaird
John S. Durrant
Other Amici:
None.