Investors: Rehearing Needed For Class Certification Ruling In Securities Suit

Mealey's (May 13, 2016, 10:33 AM EDT) -- ST. PAUL, Minn. — An Eighth Circuit U.S. Court of Appeals panel erred in reversing and remanding a federal district court’s class certification ruling because the panel’s ruling is in conflict with the law of several federal circuit courts and the U.S. Supreme Court, shareholders argue in a petition for rehearing and rehearing en banc filed May 10 (IBEW Local 98 Pension Fund, et al. v. Best Buy Co., Inc., et al., No. 14-3178, 8th Cir.).

(Petition for panel rehearing and rehearing en banc available. Document...
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