High Court To Take Up Halliburton Fraud Case

Law360, New York (January 7, 2011, 8:14 PM EST) -- The U.S. Supreme Court agreed Friday to review a Halliburton Co. securities fraud case and whether plaintiffs in putative class actions are required to establish loss causation to trigger the fraud-on-the-market presumption at the class certification stage.

The high court granted Erica P. John Fund Inc.’s petition for a writ of certiorari to review a federal appeal court’s ruling that refused to allow the fund to represent a class of Halliburton investors who claimed the oil services giant inflated its stock price.

Attorneys representing the fund...
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