Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, No. 20-222
On June 21, 2021, the Supreme Court held that in a securities-fraud class action, the district court should consider whether the alleged misrepresentation is generic in determining whether the misrepresentation affected the price of the security at issue. The Court also held that the defendant bears the burden to prove the lack of price impact by a preponderance of the evidence. Continue reading.