Amgen: One Step Closer to Re-Examining the Fraud-On-the-Market Presumption of Reliance

by Jonathan Eisenberg Excerpt: Plaintiffs in securities fraud cases rely on the fraud-on-the-market presumption of reliance to obtain class certification. As the Supreme Court recently stated in Amgen Inc. v. Connecticut Retirement Plans, No. 11-1085, slip op. at 5-6 (Feb. 27, 2013) (hereinafter...