Directors’ and Officers’ Liability: Loss Causation Proof Not Required to Obtain Class Certification
In his column on Directors’ and Officers’ Liability published in the New York Law Journal, Joseph McLaughlin examines the June 6th decision in Erica P. John Fund Inc. v. Halliburton Co. where a unanimous U.S. Supreme Court ruled that private federal securities fraud plaintiffs do not need to prove loss causation in order to obtain class certification.