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Second Circuit Reaffirms That Knowledge Defenses Can Defeat Class Certification
The recent summary order from the US Court of Appeals for the Second Circuit in New Jersey Carpenters Health Fund v. RALI Series 2006-QO1 Trust, No. 11-1683-cv (2d Cir. Apr. 30, 2011), reaffirms the important principle of securities law that knowledge defenses can create individual factual questions sufficient to defeat class certification.
United States
9 May 2012
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