United States: Ninth Circuit Reinstates Putative Class Action Against Children's Entertainment Company, Holding Actionable Misstatements And Loss Causation Adequately Alleged - Shearman & Sterling LLP

United States: Ninth Circuit Reinstates Putative Class Action Against Children's Entertainment Company, Holding Actionable Misstatements And Loss Causation Adequately Alleged - Shearman & Sterling LLP

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On April 5, 2024, the United States Court of Appeals for the Ninth Circuit affirmed in part and reversed in part the dismissal of a putative class action asserting claims under the Securities Exchange Act of 1934.

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