Business Litigation

Fifth Circuit Clarifies Loss Causation Requirements in Securities Class Actions

• November 11, 2014
• By Allen & Gooch

Plaintiffs Allege Medicare Fraud Led to Artificially Inflated Stock Prices In Public Employees Retirement System of Mississippi, Puerto Rico Teachers’ Retirement System v. Amedisys, Inc., No. 13-30580, 2014 WL 4931411 (5th Cir. Oct. 2, 2014) (“PERSM”), the U.S. Fifth Circuit Court of Appeals clarified the level of pleading required to survive a 12(b)(6) motion to […]