Amgen Inc. v. Connecticut Retirement Plans and Trust Funds
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|Case Term||OT 2012|
|Question Presented||(1) Whether, in a misrepresentation case under SEC Rule 10b-5, the district court must require proof of materiality before certifying a plaintiff class based on the fraud-on-the-market theory. (2) Whether, in such a case, the district court must allow the defendant to present evidence rebutting the applicability of the fraud-on-the-market theory before certifying a plaintiff class based on that theory|
|Lower Court's Decision||No and no|
|Research for TWEN users
Outcome - Affirm
This case was decided on 26 February, 2013.