Supreme Court Declines Review Of Loss Causation Pleading Standard Ruling

Mealey's (June 24, 2019, 11:26 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 24 denied a petition for writ of certiorari filed by an energy company and several of its current and former senior executives seeking determination of the appropriate pleading standard for alleging loss causation in a securities class action lawsuit (First Solar Inc., et al. v. Mineworkers’ Pension Scheme, et al., No. 18-164, U.S. Sup.)....