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Legal Opinion

Mineworkers' Pension Scheme v. First Solar Inc.

Court of Appeals for the Ninth Circuit

Decided January 31, 2018No. 15-17282PublishedCited by 58 opinions

1Opinion of the Court

OPINION

2Per curiam

We consider’ the question certified by the district court for interlocutory appeal under 28 U.S.C. § 1292(b) 1 as to the correct test for loss causation under the Securities Exchange Act of 1934. We conclude that a general proximate cause test—the test ultimately applied by the district court—is the proper test.

I

First Solar, Inc., is one of the world’s largest producers of photovoltaic solar panel modules. The Plaintiffs represent purchasers of First Solar, Inc.’s publicly traded securities between April 30, 2008 and February 28, 2012 (“the Class Period”). Plaintiffs allege that,…

3Cases cited11 opinions

  1. Associated General Contractors of California, Inc. v. California State Council of CarpentersSupreme Court of the United States · 1983
  2. Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
  3. In Re Oracle Corp. Securities LitigationCourt of Appeals for the Ninth Circuit · 2010
  4. Metzler Investment GMBH v. Corinthian Colleges, Inc.Court of Appeals for the Ninth Circuit · 2008
  5. In Re Daou Systems, Inc., Securities Litigation, Greg Sparling Eugene Krabbenhoft Patrick De Kruyff, Esq. Robert Zaretsky Rod Ford Thomas v. Hagman Richard W. Walsh Richard Toribio Paul Rabin v. Georges Daou Daniel Daou Fred McGee Robert McNeill John Moragne Daou Systems, Inc., in Re Daou Systems, Inc., Securities Litigation, Greg Sparling Eugene Krabbenhoft Patrick De Kruyff, Esq. Robert Zaretsky Rod Ford Thomas v. Hagman Richard W. Walsh Richar Toribio Paul Rabin v. Georges Daou Daniel Daou Fred McGee Robert McNeill John Moragne, and Daou Systems, Inc.Court of Appeals for the Ninth Circuit · 2005

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4Cited by58 opinions

  1. Gregory Wochos v. Tesla, Inc.Court of Appeals for the Ninth Circuit · 2021
  2. Carpenters Pension Fund of Illinois v. MiMedx Group, Inc.Court of Appeals for the Eleventh Circuit · 2023
  3. Irving Firemen's Relief Fund v. Uber Technologies, Inc.Court of Appeals for the Ninth Circuit · 2021
  4. David Grigsby v. Bofi Holding, Inc.Court of Appeals for the Ninth Circuit · 2020
  5. In Re: Ali Alavi v. Genius Brands International, Inc.Court of Appeals for the Ninth Circuit · 2024

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