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Yesterday’s installment summarized the essential holdings of the Second Circuit’s two recent securities fraud class actions decisions, In re Petrobras Sec. Litig., 862 F.3d 250 (2d Cir. 2017) and Waggoner v. Barclays PLC, No. 16-1912-cv, 2017 U.S. App. LEXIS 22115 (2d Cir. Nov. 6, 2017), en banc petition pending, along with case law that informed their outcomes. Today’s article explores the decisions in depth, along with their ramifications for class certification motions.
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