Panel: Pension Fund Pleaded Loss Causation In Making Securities Claims

Mealey's (February 3, 2016, 10:40 AM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on Feb. 1 affirmed in part and reversed and remanded in part a federal district court’s ruling in a securities class action lawsuit, holding that a pension fund properly pleaded scienter and loss causation in making certain claims pursuant to federal securities law (Jacksonville Police and Fire Pension Fund v. CVB Financial Corp., et al., No. 13-56838, 9th Cir.).

(Opinion available. Document #57-160216-050Z.)

Lead plaintiff Jacksonville Police and Fire Pension Fund filed a second amended...
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