Legal Opinion
New Orleans Employees' Retirement System v. Omnicom Group, Inc.
Court of Appeals for the Second Circuit
Decided March 10, 2010No. Docket 08-0612-cvPublishedCited by 257 opinions
1Opinion of the Court
WINTER, Circuit Judge:
The New Orleans Employees’ Retirement System, the lead plaintiff in this class action, appeals from Judge Pauley’s grant of summary judgment dismissing its complaint alleging securities fraud in violation of Section 10(b), 15 U.S.C. § 78j(b), against Omnicom Group, Inc. and its managers. The district court held that appellant proffered no evidence sufficient to support a finding of loss causation.
For the reasons set forth below, we affirm.
BACKGROUND
Given the procedural posture of this matter, an appeal from a grant of summary judgment dismissing a complaint, “we construe…
2Cases cited21 opinions
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- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
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3Cited by257 opinions
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