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PBS chief: After wild start, just stay tuned

PBS chief: After wild start, just stay tuned
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Securities Litigation and Regulatory Enforcement Update | Skadden, Arps, Slate, Meagher & Flom LLP

Below are high-level takeaways on each topic. Securities Filings Remain Elevated Despite the Pandemic Despite unprecedented disruptions to the court system from the COVID-19 pandemic, plaintiffs continued to bring securities class actions at elevated levels in 2020 a sign that filings will remain high in the year ahead. Based on data from Cornerstone Research through September 30, 2020, plaintiffs were on pace to file approximately 375 federal and state securities class actions through the end of the year. Although lower than the more than 400 actions filed in each of the previous three years, this figure substantially exceeds the 261 cases brought, on average, between 2010 and 2019.

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Class Action Litigation Winter 2020/2021

Tuesday, February 9, 2021 Highlights from this issue include: Supreme Court grants cert in securities class action to address whether the  Basic presumption of class-wide reliance can be rebutted based on the generic nature of the alleged representation and that the statement had no price impact. Massachusetts appellate court emphasizes that evidence is required to support class certification, even under state law. District court in the Second Circuit holds that  Daubert analysis must be conducted at the class certification stage. Third Circuit holds that the failure to register tires under federal law is not enough to confer standing. Seventh Circuit holds that violations of the data retention and destruction requirements of the Biometric Information Privacy Act are sufficient for standing.

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Supreme Court To Examine the Presumption of Classwide Reliance | Skadden, Arps, Slate, Meagher & Flom LLP

To embed, copy and paste the code into your website or blog: On December 11, 2020, in the first securities class action case to reach the United States Supreme Court in years, the Court agreed to review a decision by the Second Circuit Court of Appeals that refused to allow defendants to rebut the presumption of classwide reliance by pointing to the generic nature of alleged misstatements to show that the statements had no price impact and granted class certification ( Goldman Sachs Group Inc. v. Arkansas Teacher Retirement System ( Arkansas Teachers), No. 20-222 (petition for certiorari granted)). Class certification is an important battleground in defending securities class actions because the potential exposure creates an

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