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Legal Opinion

Ohio Public Employees Retirement System v. Federal Home Loan Mortgage Corp.

Court of Appeals for the Sixth Circuit

Decided July 20, 2016No. 14-4189PublishedCited by 54 opinions

1Opinion of the Court

OPINION

JANE B. STRANCH, Circuit Judge.

Lead Plaintiff Ohio Public Employees Retirement System (OPERS) filed a class action suit alleging securities fraud against Federal Home Loan Mortgage Corporation and four senior officers (collectively Freddie Mac). The district court granted Defendants’ motions to dismiss, concluding that OPERS failed to show loss causation. For the reasons stated below, we REVERSE the district court’s dismissal of the third amended complaint and REMAND for further proceedings consistent with this opinion.

I. BACKGROUND

This lawsuit was brought by a state pension fund…

2Cases cited27 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  4. Singleton v. WulffSupreme Court of the United States · 1976
  5. Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005

22 more not listed; retrieve them via the Exa API.

3Cited by54 opinions

  1. Cates v. Crystal Clear Technologies, LLCCourt of Appeals for the Sixth Circuit · 2017
  2. Phillip J. Singer v. Kenneth RealiCourt of Appeals for the Fourth Circuit · 2018
  3. Tawanda Hall v. Andrew MeisnerCourt of Appeals for the Sixth Circuit · 2022
  4. Norfolk County Retirement System v. Community Health Systems, Inc.Court of Appeals for the Sixth Circuit · 2017
  5. General Motors, LLC v. FCA US, LLCCourt of Appeals for the Sixth Circuit · 2022

49 more not listed; retrieve them via the Exa API.

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