Focus (Forum & Focus)
Sep. 6, 2008
At a Loss
As is often the case in the 9th Circuit, the two most recent opinions on loss causation take divergent approaches to the subject, write Peter M. Stone and Ryan M. Fawaz. - Focus Column
By Peter M. Stone and Ryan M. Fawaz
This article appears on Page 7
In Dura Pharmaceuticals v. Broudo, 544 U.S. 336 (2005), the Supreme Court held a plaintiff must do more than merely plead or prove an artificial inflation of a company's stock to satisfy the loss causation requirement for securities fraud. Within the last few weeks, the 9th Circuit decided two cases further examining the scop...
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