TheLawyer.Com, a UK website, has an article on Judge Pollack’s decision in the Merrill Lynch analyst research cases. Notably, the article contains the words “loss causation.”
Quote of note: “Coffee [Columbia University law professor John Coffee] reckons that Judge Pollack’s most important line of reasoning is that the plaintiff has to prove ‘loss causation’. ‘They can’t simply prove that the plaintiff was fraudulently induced to buy the stock by the false inflated and insincere recommendation, but rather he has to prove first, and then later, that the recommendation was causally related to the stock’s ultimate fall.’ That is a very difficult burden for litigators to have to meet, he adds.”
The 10b-5 Daily 