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Loss Causation Challenges In Securities Cases

Law360 (October 21, 2009, 4:15 PM EDT) -- The bursting of the U.S. housing bubble and the collapse of the related lending, securitization and investment markets in 2007 and 2008 devastated the financial performance and share prices of virtually all financial institutions.

In the wake of the crisis, the FDIC has shuttered over 100 banks; venerable Wall Street institutions Lehman Brothers, Merrill Lynch and Bear Stearns have toppled; and banking colossi CitiGroup and Bank of America have seen their stock prices drop to single digits.

Predictably following these sharp market price declines were a...
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