Puerto Rico Government Employees and Judiciary Retirement Systems Administration v. Volkswagen AG

U.S. Court of Appeals for the Ninth Circuit

Tab Group

Merits Stage

Ninth Circuit limits the Affiliated Ute presumption of reliance in securities fraud suits to cases that primarily allege omissions

June 25, 2021

Click here to view the opinion.

U.S. Chamber files coalition amicus brief urging Ninth Circuit to reverse district court’s expansion of the Affiliated Ute presumption of reliance in securities fraud cases

July 17, 2020

Click here to view the coalition amicus brief filed at the panel stage. Deanne E. Maynard of Morrison & Foerster LLP served as co-counsel for the amici.

Ninth Circuit grants review under Section 1292(b) of district court opinion that made expansive use of the Affiliated Ute presumption of reliance for securities fraud cases

March 30, 2020

Click here to view the order.

U.S. Chamber files coalition amicus brief urging Ninth Circuit to grant interlocutory review of decision holding that securities-fraud plaintiffs were entitled to a presumption of reliance on allegedly false statements

February 11, 2020

Click here to view the coalition amicus brief. Deanne E. Maynard of Morrison & Foerster LLP served as co-counsel for the amici.

Case Documents

Petition for Permission to Appeal -- Puerto Rico Government Employees and Judiciary Retirement Systems Administration v. Volkswagen AG (Ninth Circuit).pdf

U.S. Chamber, et al. Amicus Brief -- Puerto Rico Government Employees and Judiciary Retirement Systems Administration v. Volkswagen AG (Ninth Circuit).pdf

Order -- Puerto Rico Government Employees and Judiciary Retirement Systems Administration v. Volkswagen AG (Ninth Circuit).pdf

U.S. Chamber, et al. Amicus Brief (panel) -- Puerto Rico Government Employees and Judiciary Retirement Systems Administration v. Volkswagen AG (Ninth Circuit).pdf

Opinion -- Puerto Rico Government Employees and Judiciary Retirement Systems Administration v. Volkswagen AG (Ninth Circuit).pdf