U.S. Supreme Court

Case Status


Docket Number


Cert. Denied


Questions Presented

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 where the event or disclosure that triggered the decline did not reveal the fraud on which the plaintiff’s claim is based.

Case Updates

Cert. petition denied

June 24, 2019

U.S. Chamber files coalition amicus brief urging Supreme Court to grant petition for writ of certiorari regarding loss-causation standard in securities class action litigation

September 05, 2018

Click here to view the amicus brief filed jointly with the Securities Industry and Financial Markets Association, Pharmaceutical Research and Manufacturers of America, National Association of Manufacturers, and Business Roundtable.

Elaine J. Goldenberg of Munger, Tolles & Olson LLP served as co-counsel for the coalition.

Case Documents