Applying the Supreme Court’s landmark decision in Halliburton Co. v. Erica P. John Fund, Inc., 134 S. Ct. 2398 (2014) (“Halliburton II”), which allowed companies facing securities fraud class actions to defeat certification...more
8/3/2015
/ Asbestos ,
Basic v Levinson ,
Class Action ,
Class Certification ,
Construction Industry ,
Financial Markets ,
Fraud-on-the-Market ,
Halliburton ,
Halliburton v Erica P. John Fund ,
Loss Causation ,
Putative Class Actions ,
SCOTUS ,
Securities Fraud ,
Stock Drop Litigation ,
Stocks
Given the opportunity to overrule its landmark 1988 decision in Basic v. Levinson, in which it created the fraud-on-the-market presumption, the Supreme Court declined. The Court found in its decision this week in Halliburton...more