In re Chicago Bridge & Iron Company N.V. Securities Litigation
Published on:
April 13, 2020
Committee:
Court:
U.S. Court of Appeals
(Second Circuit)
(Rule 23(f) petition)
Amicus Issue:
Whether securities class action defendants should be afforded a meaningful opportunity to contest price impact at class certification by making a showing that severs the link between the alleged misrepresentation and the price received (or paid) by the plaintiff to rebut the Basic presumption of reliance and defeat class certification.
Counsel of Record:
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Richard A. Rosen
Daniel S. Sinnreich
Jane B. O’Brien
Other Amici:
None.