District courts and circuit courts continue to grapple with the full import of the U.S. Supreme Court’s landmark decision on class certification in Wal-Mart Stores, Inc. v. Dukes. The way that the courts have applied the Dukes decision in class-certification decisions in securities-fraud class actions has general applicability to other types of class actions.
July 18, 2012 Articles
How Wal-Mart v. Dukes Affects Securities-Fraud Class Actions
The Dukes decision adds more fuel to the circuit split over whether materiality must be proven as part of the fraud-on-the-market presumption for class certification.
By Robert H. Bell and Thomas G. Haskins Jr.
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