Friday, October 24, 2008

District Court Rejects Fifth Circuit Rule, Says No Loss Causation Showing Needed Yet

BNA's Class Action Litigation Report (10/24/08) is reporting that the U.S. District Court for the District of Utah Sept. 25 declined to follow U.S. Court of Appeals for the Fifth Circuit precedent, concluded that loss causation need not be established at the class certification stage, and certified a class of investors in Nature's Sunshine Products Inc. (In re Nature's Sunshine Products Sec. Litig., D. Utah, No. 2:06-cv-267 TS, 9/23/08). For the full story, BNA subscribers may click here.


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