Norfolk County Retirement System v. Health Management Retirement Associates, Inc.
Petition for certiorari denied on March 20, 2017
Issue: (1) Whether a finding of actual wrongdoing is a legal prerequisite to an investor pleading loss causation based on the announcement of a government investigation into the defendant's fraudulent practices; and (2) whether an investor who invokes a fraud-on-the-market presumption of reliance is barred from pleading loss causation based on a corrective disclosure that analyzes information already in the public domain but not widely known to the market.
SCOTUSblog Coverage
- Petition of the day (Kate Howard, January 27, 2017)
| Date | Proceedings and Orders |
|---|---|
| 09/12/2016 | Application (16A253) to extend the time to file a petition for a writ of certiorari from September 22, 2016 to November 21, 2016, submitted to Justice Thomas. |
| 09/15/2016 | Application (16A253) granted by Justice Thomas extending the time to file until November 21, 2016. |
| 11/21/2016 | Petition for a writ of certiorari filed. (Response due December 23, 2016) |
| 12/09/2016 | Order extending time to file response to petition to and including February 6, 2017. |
| 12/21/2016 | Consent to the filing of amicus curiae briefs, in support of either party or of neither party, received from counsel for petitioners. |
| 12/22/2016 | Brief amici curiae of Financial Economists filed. |
| 12/23/2016 | Brief amici curiae of Los Angeles County Employees Retirement Association, et al. filed. |
| 02/06/2017 | Brief of respondents Health Management Associates, LLC, et al. in opposition filed. |
| 02/22/2017 | DISTRIBUTED for Conference of March 17, 2017. |
| 02/22/2017 | Reply of petitioners Norfolk County Retirement System, et al. filed. (Distributed) |
| 03/20/2017 | Petition DENIED. |