SCOTUS Decision Endorses Pomerantz Evidence Standard

On Monday, June 21, the United States Supreme Court, in a 6-3 decision, handed down its decision in the closely watched Goldman Sachs Group Inc. et al v. Arkansas Teachers Retirement System, et al. (No. 20-222). The Supreme Court ruling on the issue of evidence was in accord with arguments presented by Pomerantz LLP, which had submitted the sole amicus brief on the hotly contested issue: whether, in order to rebut the presumption of reliance originated by the Court in the landmark Basic v. Levinson decision…