Lower Courts Missing The Point Of Halliburton II

Law360, New York (March 26, 2015, 10:18 AM EDT) -- In Halliburton II,[1] the U.S. Supreme Court gave defendants in securities fraud class actions a potentially important defense to class certification by permitting them to rebut the fraud-on-the-market presumption of reliance with a showing that the alleged fraud had no impact on the defendant company's stock price. Early indications from the lower courts, however, suggest that defendants are being denied the full benefit of this principle because courts are misunderstanding the import of Halliburton II, and in particular how that decision requires a refined reading of two pre-Halliburton II cases: Halliburton I[2] and Amgen.[3]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!