Halliburton Loss Causation Ruling To Have Narrow Impact

Law360, New York (June 6, 2011, 6:02 PM EDT) -- The U.S. Supreme Court's ruling Monday that investors are not required to prove that corporate misstatements caused their investment losses in order to win class certification in a shareholder suit against Halliburton Co. provided clarity, but its reach will be limited, attorneys say.

"Had the Supreme Court come out the other way, it would have significantly altered the balance of power between plaintiffs and defendants in securities class actions. This ruling, however, which is in line with a majority of the circuits that have addressed the...
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