Paulson v. Illinois

How courts have described this case

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

• holding that question of individual reliance could not render the securities fraud claims unsuitable for class treatment
• stating that certification should only be denied for inadequate representation where the plaintiff’s lack of knowledge and involvement essentially amounts to abdication of his role in the case
• finding that the trial court’s rejection of the fraud-on-the-market theory violated Eisen because it was improperly based on nothing other than the court’s assessment of the plaintiffs’ likelihood of success on the claims
• finding that the trial court’s rejection of the fraud-on-the-market theory and subsequent denial of class certification was improperly based on nothing other than the court’s assessment of the plaintiffs’ likelihood of success on the claims
• finding that the trial court’s rejection of the fraud-on-the-market theory and subsequent denial of class certification was improperly based on nothing other than the court’s assessment of the plaintiffs’ likelihood of success on the claims
• upholding the district court’s denial of class certification because “the state law claims would require application of the standards of liability of the state in which each purchase was transacted”

Source: CourtListener parenthetical corpus (CC0).