Amgen v. Connecticut Retirement Plans

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.