Class Certification Ruling In Securities Lawsuit Correct, Investor Argues

Mealey's (March 30, 2021, 1:39 PM EDT) -- ATLANTA — A federal district court correctly granted class certification in a shareholder lawsuit against a provider of lighting and building management solutions and certain of its current and former executive officers, and the district court’s ruling should be upheld because the defendants’ arguments on appeal are actually loss causation arguments, which the U.S. Supreme Court has ruled need not be established at class certification, a shareholder argues in a March 26 appellee brief filed in the 11th Circuit U.S. Court of Appeals....