Damages Model Does Not Meet Comcast’s Predominance Rule, 11th Circuit Told

Mealey's (February 1, 2021, 1:31 PM EST) -- ATLANTA — Reversal of a federal district court’s ruling granting class certification in a shareholder lawsuit against a provider of lighting and building management solutions and certain of its current and former senior executives is warranted under the U.S. Supreme Court’s ruling in Comcast Corp. v. Behrend because the district court failed to consider Comcast’s damages-predominance rule before certifying the investor class, the company and its officers and directors argue in a Jan. 27 appellant brief filed in the 11th Circuit U.S. Court of Appeals....