Legal Opinion
Bowe v. Polymedica Corp.
Court of Appeals for the First Circuit
Decided December 13, 2005No. 04-8019PublishedCited by 154 opinions
1Opinion of the Court
LIPEZ, Circuit Judge.
In this appeal pursuant to Rule 23(f) of the Federal Rules of Civil Procedure from an order certifying a class in a securities fraud case, we must decide an issue of first impression in this Circuit: the standard for determining whether a market was “efficient” when applying the fraud-on-the-market presumption of investor reliance. We also address the level of inquiry that a district court may pursue at the class-certification stage when making that efficiency determination. Defendants-Appellants PolyMedica Corporation, Liberty Medical Supply, Inc. (“Liberty”), and…
2Cases cited47 opinions
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- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- General Telephone Co. of Southwest v. FalconSupreme Court of the United States · 1982
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
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3Cited by154 opinions
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- In Re New Motor Vehicles Can. Export Anti. Lit.Court of Appeals for the First Circuit · 2008
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