Environmental Credits and Environmental Credit Obligations
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on the Proposed Accounting Standards Update—Environmental Credits and Environmental Credit…
Summary
Court:
U.S. Court of Appeals (Eighth Circuit)
(Rule 23(f) petition)
Amicus Issue:
Whether Fed.R.Civ.P. 23(b)(3)’s predominance and superiority requirements can be satisfied in a class action asserting best execution violations, given that individual, order-by-order inquiries are necessary to determine whether each individual customer actually sustained an economic loss.
Counsel of Record:
Fried, Frank, Harris, Shriver & Jacobson LLP
Michael C. Keats
Justin J. Santolli
Andrew Cashmore
Brian C. Stuart
Other Amici:
None.
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