Antitrust Takeaways From The 2nd Circ. Petrobras Ruling
Law360, Fort Wayne (July 28, 2017, 7:35 PM EDT) -- The Second Circuit recently decertified two investor classes claiming Brazilian oil giant Petrobras concealed billions of dollars in bribes and kickbacks in the latest circuit court ruling to weigh in on ascertainability, a contentious issue that strikes to the core of antitrust class actions.
The three-judge panel vacated and remanded a lower court finding that the investors satisfied the predominance requirement of class certification, ruling that the district court's analysis failed to address how potential class members could provide common proof that they purchased the Petrobras securities in domestic transactions.
Importantly, in its ruling, the Second Circuit declined to subject the class members...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!