Mutual Funds and Securities Class Actions: A Square Peg in a Round Hole
Author: Sean M. Murphy.; Robert J. Liubicic.; Lisa M. Northrup.
Source: Volume 51, Number 12, June 15 2018 , pp.135-142(8)
next article > |return to table of contents
Abstract:
The authors describe securities class actions concerning mutual funds as “relatively sparse” and “often divergent.” They discuss the cases focusing on three prominent issues: loss causation, control person liability, and reliance.Keywords: Loss Causation; Control Person Liability; Reliance; In re Charles Schwab Corp. Securities Litigation; In re Evergreen Ultra Short Opportunities Fund Securities Litigation
Affiliations:
1: Milbank, Tweed, Hadley & McCloy LLP; 2: Milbank; 3: Milbank.