Class Cert. Rulings A Boon To Expert Witness Industry

Law360, New York (October 4, 2010, 2:47 PM EDT) -- As federal courts move toward higher standards for class certification, attorneys on both sides of the bar say they have become more likely to use sophisticated expert witnesses to demonstrate — or debunk — the merits of granting class status.

The U.S. Courts of Appeals for the Second and Third Circuits have been at the forefront of the trend towards greater rigor at the class certification stage.

In In re: IPO Securities Litigation, the Second Circuit in 2006 held that in order to certify a class,...
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