Baseline Evidence Not Needed Under Twiqbal, 8th Circ. Says

Law360, New York (November 7, 2012, 3:08 PM EST) -- The Eighth Circuit on Tuesday clarified pleading standards set by the U.S. Supreme Court’s landmark Iqbal and Twombly decisions, saying the rulings don't require plaintiffs to submit a base level of evidence for claims to survive at the pleading stage.

In a precedential opinion, a three-judge panel said that Texas resident Joseph Whitney, who says he was denied ownership interest in The Guys Inc., in which he had invested $175,000, still had plausible claims despite being unable to show he purchased shares in the venture....
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