U.S. Supreme Court Upholds “Fraud-On-The-Market” Theory, Permits Defendants to Challenge Reliance Presumption at Class Certification Stage

 

Topics:  Basic v Levinson, Class Action, Fraud, Fraud-on-the-Market, Halliburton, Halliburton v Erica P. John Fund, SCOTUS, Securities Fraud

Published In: Business Torts Updates, Civil Procedure Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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