Securities,
9th U.S. Circuit Court of Appeals
Jun. 28, 2021
Volkswagen ruling makes securities fraud class actions harder, plaintiff says
“Plaintiffs were trying to turn Affiliated Ute into an open-ended presumption that would apply in every case, since every misrepresentation case can be categorized as involving omissions,” said Volkswagen’s counsel, Robert J. Giuffra of Sullivan & Cromwell LLP.
Reversing a district court's denial of Volkswagen's motion for summary judgment in a securities fraud class action, the 9th U.S. Circuit Court of Appeals made it harder Friday for plaintiffs to bring such claims, the dissenter and plaintiffs' attorney said.
Still facing litigation relating to the 2015 "clean emissions" scandal, in which Volkswagen installed a cheat device to pass emissions checks, the car company filed an interlocu...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
Enewsletter Sign-up
Related Content
Securities
In re Volkswagen Litigation
Because plaintiff alleged both omissions and affirmative misrepresentations its case was pushed outside 'Affiliated Ute Citizens of Utah v. United States' narrow reliance presumption.
Antitrust & Trade Reg.
German carmakers won’t face US trial over diesel emission claims
By Winston Cho
9th U.S. Circuit Court of Appeals
9th Circuit revives VW emissions lawsuits from Florida, Utah
By Winston Cho
Consumer Law, Civil Rights
Judge rules against plaintiffs who opted out of VW deal
By Morgan Keith
