Partner Jesse Bernstein was recently quoted in the Bloomberg Law article “Zillow Appeal Threatens Other Stock Selloff Class Actions”

Quinn Emanuel Partner Jesse Bernstein was recently quoted in the Bloomberg Law article “Zillow Appeal Threatens Other Stock Selloff Class Actions” regarding the high-stakes Ninth Circuit case that could reshape securities litigation.

Drawing from his experience as co-chair of Quinn Emanuel's securities litigation practice, Jesse Bernstein offers insights into how the Zillow decision could alter class certification standards for shareholder suits.

He highlights a pivotal moment: "If the Ninth Circuit decertifies and holds that there needs to be a much closer connection between the corrective disclosure and the alleged misrepresentation, defendants in securities class actions—particularly in the Ninth Circuit—will have a much stronger argument to defeat class certification."

With damages in securities cases reaching record levels, this ruling could determine whether companies have an additional tool in their kit to defend against securities class actions.  

Read the full article by Gillian R. Brassil here.

Learn more about our securities practice here.