In an article published in the New York Law Journal, Milbank LLP Litigation & Arbitration partners Grant Mainland and Jed Schwartz, and associate Joseph DaSilva, discuss recent developments in securities class actions that defendants in §10(b) cases should consider in crafting their litigation strategy.~~In “Recent Developments in Securities Class Actions: ‘Goldman’, Market Speculation and Loss Causation, and Triggering the Exchange Act’s Statute of Repose,” the authors focus on three topics: (1) the Supreme Court’s decision in Goldman Sachs Group v. Arkansas Teacher Retirement System clarifying that courts should consider the generic nature of a misrepresentation as part of price impact disputes at the class certification stage; (2) cases addressing whether stock drops resulting from market speculation are recoverable as securities fraud damages under Dura Pharmaceuticals v. Broudo and progeny; and (3) a growing consensus among district courts in the Second Circuit that the Exchange Act’s statute of repose is measured from the date of each alleged misrepresentation, rather than the last one.~~To access the full PDF of the article, "Recent Developments in Securities Class Actions: 'Goldman', Market Speculation and Loss Causation, and Triggering the Exchange Act's Statute of Repose," please click here.