loss-causation

7 cases — ← All topics

Case Title Lower Court Docketed Status Flags Tags Question Presented
24-188 Menorah Mivtachim Insurance Ltd., et al. v. John D. Sheehan, et al. Second Circuit 2024-08-21 Denied appellate-review circuit-court claim-dismissal legal-reasoning loss-causation summary-judgment 1. Whether the Second Circuit Court of Appeals erred in affirming a summary judgment decision by the district court that failed to provide a reason fo…
23-980 Facebook, Inc., et al. v. Amalgamated Bank, et al. Ninth Circuit 2024-03-06 Judgment Issued Amici (13)Relisted (2) circuit-split disclosure federal-rules-of-civil-procedure loss-causation materiality pleading-standard risk-disclosure securities-fraud This petition presents two important questions that have divided the federal courts of appeals. First, the circuits have split three ways concerning w…
20-1364 BofI Holding, Inc., et al. v. Houston Municipal Employees Pension System Ninth Circuit 2021-03-30 Denied Amici (1)Response RequestedResponse WaivedRelisted (2) basic-inc-v-levinson disclosure-standards dura-pharmaceuticals efficient-capital-markets-hypothesis efficient-market-hypothesis fraud-on-the-market investor-protection loss-causation market-price securities-exchange-act securities-fraud In Basic Inc. v. Levinson, 485 U.S. 224 (1988), this Court recognized the fraud-on-the-market presumption of reliance for private rights of action bro…
19-495 Martin Shkreli v. United States Second Circuit 2019-10-16 Denied Response Waived bank-fraud forfeiture-calculation good-faith good-faith-defense jury-instruction jury-instructions loss-causation mail-fraud materiality mens-rea no-ultimate-harm prosecutorial-standard securities-fraud statutory-interpretation wire-fraud In prosecutions for mail, wire and bank fraud, which require a finding of a loss or an intended loss by the victim, a "no ultimate harm" instruction h…
18-1123 Southern Trust Metals, Inc., et al. v. Commodity Futures Trading Commission Eleventh Circuit 2019-02-28 Denied Response Waived bank-of-america-v-city-of-miami commodity-exchange-act commodity-futures-trading-commission dura-pharmaceuticals-v-broudo foreseeability industry-ban judicial-injunction lifetime-industry-ban loss-causation proximate-cause reliance separation-of-powers The Commodity Exchange Act ("CEA") limits restitution in enforcement actions to "losses proximately caused" by a violation of the CEA and CFTC regulat…
18-926 Putnam Investments, LLC, et al. v. John Brotherston, Individually and on Behalf of All Others Similarly Situated, et al. First Circuit 2019-01-16 Denied CVSGAmici (4)Relisted (2) active-management burden-of-proof circuit-split erisa erisa-fiduciary erisa-fiduciary-duty fiduciary-duty index-funds investment-options loss-causation A fiduciary of an ERISA plan is personally liable for "losses to the plan resulting from" a breach of fiduciary duty. 29 U.S.C. § 1109(a). Fiduciarie…
18-164 First Solar, Inc., et al. v. Mineworkers' Pension Scheme, et al. Ninth Circuit 2018-08-06 Denied CVSGAmici (2)Relisted (2) disclosure fraud fraud-claim loss-causation market-price private-plaintiff securities-fraud standing Whether a private securities-fraud plaintiff may establish the critical element of loss causation based on a decline in the market price of a security…