First Solar v. Mineworkers’ Pension Scheme
Published on:
September 5, 2018
Committee:
Court:
U.S. Supreme Court (petition for writ of cert.)
Amicus Issue:
Whether a securities-fraud plaintiff in a fraud-on-the-market case may plead and prove the “loss causation” requirement imposed by the Private Securities Litigation Reform Act of 1995 (PSLRA), 15 U.S.C. § 78u-4(b)(4), upon satisfying the revelation-of-falsity test, or the far looser, plaintiff friendly, totality-of-the-circumstances test.
Counsel of Record:
Munger Tolles & Olson LLP
Elaine J. Goldenberg
Other Amici:
U.S. Chamber of Commerce
The Pharmaceutical Research and Manufacturers of America
National Association of Manufacturers
The Business Roundtable