• Supreme Court Unanimously Rejects Fifth Circuit’s Loss Causation Standard
  • June 13, 2011 | Authors: Bradley W. Foster; Matthew G. Nielsen
  • Law Firm: Andrews Kurth LLP - Dallas Office
  • On June 6, 2011, the U.S. Supreme Court issued a unanimous opinion in Erica P. John Fund, Inc. v. Halliburton Co., holding that a plaintiff is not required to prove “loss causation” to obtain class certification in a securities case. The Supreme Court’s decision eliminates a major hurdle for class action plaintiffs in the Fifth Circuit, and it will likely result in an increase in securities litigation filings within the Circuit.