In Re Evergreen Ultra Short Opportunities Fund Securities Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• reiterating Schwab's argument that the \narrow formulation\ of loss causation would \effectively insulate mutual fund companies from claims for a wide range of material misrepresentations\
• reiterating Schwab’s argument that the “narrow formulation” of loss causation would “effectively insulate mutual fund companies from claims for a wide range of material misrepresentations”
• allegations that “[w]hen the defendants’ alleged misstatements were ultimately revealed, the [shares] declined in value, resulting in losses” were sufficient to demonstrate loss causation
• “Loss causation is not, however, an element of a prima facie case under Sections 11 and 12 and, accordingly, the plaintiffs are under no obligation to plead it.”

Source: CourtListener parenthetical corpus (CC0).