July 18, 2024
BLB&G partner Jesse Jensen and associate Aasiya Glover discuss the ways in which the approach and outcome in Ramos v. Comerica Inc. clash with conventional thinking in securities litigation in a new article in Law360.
The authors explain that Ramos deviated from the court's tendency to scrutinize requests for dismissal at the pleading stage based on loss causation, instead granting dismissal in ruling that “the allegations failed to establish loss causation as a matter of law.” They note how this approach contrasts with prevailing judicial practice, concluding it is “arguably in direct tension with the pleading requirements of the Federal Rules of the Civil Procedure and even the heightened pleading requirements of the PSLRA.”
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