Securities Litigation

Recent Activity

Results are sorted by the date of most recent activity.

Pirani v. Slack Technologies, Inc.

September 20, 2021

Opinion issued. The U.S. Chamber filed a coalition amicus brief opposing this outcome.

Arkansas Teacher Retirement System v. Goldman Sachs Group, Inc.

August 26, 2021

On remand from the U.S. Supreme Court, Second Circuit vacates class certification and remands for district court to consider the generic nature of alleged misrepresentations in evaluating price...

Pivotal Software, Inc. v. Superior Court of County of San Francisco

August 23, 2021

U.S. Chamber files merits-stage amicus brief urging Supreme Court to hold that the Private Securities Litigation Reform Act’s discovery stay applies in state courts. The U.S. Chamber also filed...

Pivotal Software, Inc. v. Superior Court of County of San Francisco

July 2, 2021

Supreme Court grants cert to determine whether the Private Securities Litigation Reform Act’s discovery stay applies in state courts. The U.S. Chamber filed an amicus brief supporting the cert....

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

June 26, 2021

Ninth Circuit limits the Affiliated Ute presumption of reliance in securities fraud suits to cases that primarily allege omissions. The U.S. Chamber filed a coalition amicus brief...

Pearlstein v. Blackberry Ltd.

June 23, 2021

Second Circuit denies Rule 23(f) petition seeking interlocutory review of class certification decision that found price impact without considering whether disclosures actually corrected earlier...

Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System

June 21, 2021

Supreme Court vacates class certification and holds that generic nature of allegedly misleading statements must be considered before certifying a class—not only when determining, later in the case...

Pivotal Software, Inc. v. Superior Court of County of San Francisco

May 7, 2021

U.S. Chamber files coalition amicus brief urging the Supreme Court to make clear that the Private Securities Litigation Reform Act’s discovery stay applies in state courts.

BofI Holding, Inc. v. Houston Municipal Employees Pension System

April 29, 2021

U.S. Chamber files coalition amicus brief urging the Supreme Court to grant certiorari and hold that uncorroborated allegations cannot reveal the truth to the market for purposes of establishing...

In re Versum Materials International, Inc. Stockholder Litigation

February 22, 2021

Delaware Supreme Court affirms $12 million “mootness fee” in securities litigation suit. The U.S. Chamber filed an amicus brief opposing this outcome.