Rule 9(b) Pleading Standard Applies to Loss Causation Element of Securities Claims: Ninth Circuit | Practical Law

Rule 9(b) Pleading Standard Applies to Loss Causation Element of Securities Claims: Ninth Circuit | Practical Law

In Oregon Public Employees Retirement Fund v. Apollo Group Inc., the US Court of Appeals for the Ninth Circuit held that the higher pleading standards of Federal Rule of Civil Procedure (FRCP) 9(b) apply to all elements of a securities fraud action, including loss causation.

Rule 9(b) Pleading Standard Applies to Loss Causation Element of Securities Claims: Ninth Circuit

by Practical Law Litigation
Published on 06 Jan 2015 • USA (National/Federal)
In Oregon Public Employees Retirement Fund v. Apollo Group Inc., the US Court of Appeals for the Ninth Circuit held that the higher pleading standards of Federal Rule of Civil Procedure (FRCP) 9(b) apply to all elements of a securities fraud action, including loss causation.