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Northern District of Illinois Dismisses ERISA Stock-Drop Suit
Faegre DrinkerLink to more items from this source
Sept. 13, 2021

"The district court's ruling ... reinforces the significant pleading burden that plaintiffs face when bringing stock-drop class actions based on theories of 'inside information.' ... [It] rejects the ever-more-common attempt by plaintiffs to overcome that burden by pleading general economic principles that would apply in every case." [Osborne v. Employee Benefits Board of Kraft Heinz, No. 20-2256 (N.D. Ill. Aug. 23, 2021)]

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