Private Securities Fraud Class Action Certified

Class actions are not the most common form of cat in the Eastern District of Texas, but they are filed from time to time.  This case provides an interesting look at the standards applied to motions to certify a class, as well as to the standards applied by district judges reviewing reports and recommendations regarding class certification, as well as a thick block of analysis on the specific requirements of private securities fraud class actions as set forth in Amgen.  If you’re addressing similar issues, the two opinions are worth a close study.  If you’re not, this is an hour of your life you can keep.