Skip to main content

Are you a legal professional? Visit our professional site

Please enter a legal issue and/or a location
Begin typing to search, use arrow keys to navigate, use enter to select

Find a Lawyer

More Options

Desai v. Deutsche Bank Secs. Ltd., No. 08-55081

By FindLaw Staff on July 29, 2009 12:21 PM

In a securities fraud class action, denial of plaintiffs' motion for class certification is affirmed where no authority supported plaintiffs' proposed "integrity of the market" presumption in market manipulation cases, and thus, the district court correctly declined to presume class-wide reliance on the allegedly fraudulent statements.

Read Desai v. Deutsche Bank Secs. Ltd., No. 08-55081

Appellate Information

Argued and Submitted May 7, 2009

Filed July 29, 2009

Judges

Per Curiam

Concurrence by Judge O'Scannlain

Concurrence by Judge Graber

Counsel

For Appellants:

Joseph J. Tabacco, Jr., Berman, DeValerio, Pease, Tabacco Burt & Pucillo, San Francisco, CA

Ira M. Press, Kirby, McInerney LLP, New York, NY

For Appellee:

James H.R. Windels, Davis, Polk & Wardwell, New York, NY

You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help

Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.

Or contact an attorney near you:
Copied to clipboard