Case Name: China Agritech v. Resh
Court: U.S. Supreme Court Docket: 17-432
Case Result: Court unanimously held that the American Pipe Tolling doctrine does not permit the filing of a subsequent class action lawsuit if certification is denied in a timely filed class action lawsuit.
Case Name: Pension Funds v. Goldman Sachs Group
Court: U.S. Ct. App. 2d Cir. Docket: 16-250-cv
Read AARP's Amicus Brief (PDF)
Case Result: The District Court correctly held that plaintiffs need not prove the materiality of defendants’ misstatements at the class certification stage, however it is not clear whether the District Court precluded Goldman Sachs from rebutting the presumption that Goldman’s misstatements affected the price of their stock. Case remanded to clarify whether or not Goldman met their burden of proving that their misstatements did not affect the market price of their stock.
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