Opinion ID: 616889
Heading Depth: 3
Heading Rank: 1

Heading: Connecticut Retirement's Motion to Vacate Grant of Permission to Appeal

Text: At the outset, Connecticut Retirement moves to vacate our grant of permission to appeal the certification order, arguing that the central issue in this appeal has been settled by three cases decided since the district court certified the class: United Steel, Paper & Forestry, Rubber, Manufacturing Energy, Allied Industrial & Service Workers International Union v. ConocoPhillips Co., 593 F.3d 802 (9th Cir. 2010), Dukes v. Wal-Mart Stores, Inc., 603 F.3d 571 (9th Cir.2010) (en banc), rev'd, ___ U.S. ___, 131 S.Ct. 2541, 180 L.Ed.2d 374 (2011), and Miller v. Thane International, Inc., 615 F.3d 1095 (9th Cir. 2010). But neither United Steel Workers nor Dukes was a securities fraud case, and thus neither had occasion to decide whether a securities fraud plaintiff must prove materiality to avail herself of the fraud-on-the-market presumption of reliance. See United Steel, 593 F.3d at 804 (state law wage and hour claim); Dukes, 131 S.Ct. at 2547 (sex discrimination claim). And Miller had no occasion to decide the question either, because that case was brought under a securities fraud statute thatunlike Section 10(b) heredoes not require the plaintiff to show reliance. See Miller, 615 F.3d at 1102 n. 2. Accordingly, because the question remains unsettled, we deny Connecticut Retirement's motion.