DVI Inc. Securities Litigation

In re DVI, Inc. Sec. Litig., 639 F.3d 623 (3d Cir. 2011) (affirming district court’s grant of class certification and rejecting auditor defendant’s challenges to loss causation and institutional investors’ adequacy and typicality to represent a Class of stock and bond purchasers; holding that institutional investors’ trading strategies and access to management were not disqualifying, and the market efficiency of DVI’s stock and bond markets were adequate for the fraud-on-the-market theory to apply despite the markets being described as “small-cap” or thinly traded).

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