Teamsters Local 445 Freight Division Pension Fund v. Bombardier Inc.
Court of Appeals for the Second Circuit
1Opinion of the Court
B.D. PARKER, Jr., Circuit Judge:
Teamsters Local 445 Freight Division Pension Fund (“Teamsters”), lead plaintiffs in a putative securities class action, appeal from an interlocutory order of the United States District Court for the Southern District of New York (Scheindlin, J.). The district court concluded that Teamsters failed to satisfy the predominance requirement of Rule 23(b)(3), Fed. R. Civ. P, and denied its motion for class certification. We agreed to hear this interlocutory appeal to consider whether the district court applied the correct standard of proof — the preponderance of the…
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