Implications Of A Narrow Ruling In Halliburton

Law360, New York (June 20, 2011, 3:00 PM EDT) -- On June 6, 2011, the U.S. Supreme Court delivered its unanimous opinion in Erica P. John Fund Inc. v. Halliburton Co.[1] Prior to accepting the Halliburton appeal, the court had agreed to hear only one prior appeal related to what is known as the “loss causation” requirement for claims brought under Section 10(b) of the Securities Exchange Act of 1934.[2]

The loss causation requirement has become an increasingly important factor in whether shareholders will be able to recover on claims brought under the federal securities laws....
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