Wells Fargo v. SEB Investment Management
Published on:
May 16, 2025
Committee:
Court:
U.S. Court of Appeals
(Ninth Circuit)
(Rule 23(f) petition)
Amicus Issue:
Whether class action plaintiffs can satisfy the requirements of Comcast Corp. v. Behrend, 569 US 27 (2013) in a securities fraud case simply by having their expert recite the general legal standard for measuring damages in securities cases (i.e., out-of-pocket damages) and promising to develop later a methodology for applying that general legal standard to the particular facts of the case.
Counsel of Record:
Debevoise & Plimpton LLP
Maeve O’Connor
Elliot Greenfield
Josh A. Cohen
Other Amici:
None.