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Expert Analysis

Petrobras Renounces 2nd Circ. 'Preference' For Class Cert.

By Jonah Knobler ( July 27, 2017, 11:50 AM EDT) -- Earlier this month, the Second Circuit decided In re Petrobras Securities,[1] and class action practitioners have been talking about it ever since — chiefly for its relevance to the red-hot "ascertainability" debate. Because Petrobras purported to reject a "heightened" ascertainability requirement, many have deemed it a setback for class action defendants. By contrast, I have written that the ultimate impact of Petrobras' comments on ascertainability remains unclear. [2]. . .

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