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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)

Review of Securities & Commodities Regulation

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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.

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