Davis Polk partner and Northern California office co-head Neal Potischman was quoted in Bloomberg Law previewing the Ninth Circuit oral arguments in Jaeger v. Zillow. The Ninth Circuit is considering the Supreme Court’s Goldman standard for certifying a stockholder class.

In discussing the potential ruling and its impact, Neal said that if the Ninth Circuit sides with Jaeger, “not much will change.” He added, “While the Supreme Court and Second Circuit cracked the door for defendants in their Goldman decisions, district courts in the Ninth Circuit have seemed reluctant to let it swing wide open.”

“Zillow Appeal Threatens to Curb Stock Drop Suits in Key Courts” (Bloomberg Law) (additional subscription required)

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