IN RE VOLKSWAGEN "CLEAN DIESEL" MARKETING, SALES PRACTICES, AND PRODUCTS LIABILITY LITIGATION,
Puerto Rico Government Employees and Judiciary Retirement Systems Administration, Plaintiff-Appellee,
v.
Volkswagen AG; Volkswagen Group of America, Inc.; Volkswagen Group of America Finance LLC; Michael Horn; Martin Winterkorn, Defendants-Appellants.
United States Court of Appeals, Ninth Circuit.https://leagle.com/images/logo.png
Argued and Submitted January 12, 2021 San Francisco, California.
Douglas Wilens , Robbins Geller Rudman & Dowd LLP, Boca Raton, Florida; Thomas C. Michaud , Vanoverbeke Michaud & Timmony P.C., Detroit, Michigan; for Amicus Curiae Michigan Association of Public Employees Retirement Systems.
Gideon A. Schor , Wilson Sonsini Goodrich & Rosati PC, New York, New York; Joseph A. Grundfest , The William A. Franke Professor of Law and Business, Stanford Law School, Stanford, California; for Amici Curiae Law Professors and Former SEC Officials.
This case arises on interlocutory appeal to address the scope of the Affiliated Ute presumption of reliance in "mixed" securities-fraud cases that allege both omissions and affirmative misrepresentations. Because we conclude the allegations in this case...
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