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Applying Comcast To Securities Cases: A Plaintiff's View

Law360, New York ( February 24, 2014, 10:39 PM EST) -- In Erica P. John Fund Inc. v. Halliburton Co. , 131 S. Ct. 2179 (2011), the U. S. Supreme Court addressed the following question: "[W]hether securities fraud plaintiffs must . . . prove loss causation in order to obtain class certification. " 131 S. Ct. at 2183. The court answered in the negative, announcing: "We hold that they need not. " In reversing the Fifth Circuit, the court stated, on at least three separate occasions, that the circuit court "erred by requiring proof of loss causation for class certification. "[1]. . .

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