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Wednesday, December 19, 2012
'Amgen Inc. v. Connecticut Retirement Plans and Trust Funds' - Post-Argument SCOTUScast
At SCOTUScast, John Shu discusses the November 5, 2012 argument before the United States Supreme Court in Amgen Inc. v. Connecticut Retirement Plans and Trust Funds on whether, in misrepresentation cases under SEC Rule 10-b(5), plaintiffs asserting a fraud-on-the-market theory must prove materiality before they can proceed with a class action, and whether the defendants are permitted to present evidence rebutting a fraud-on-the-market theory at the class certification stage.