Law360, Los Angeles (February 21, 2014, 8:07 PM EST) -- The U.S. Supreme Court on Friday granted the U.S. Solicitor General's bid to participate in oral arguments as amicus curiae against Halliburton Co. in the multinational corporation's effort to overturn a major securities law precedent that makes it easier for harmed investors to file class action suits.
The court granted the Solicitor General's bid two weeks after the U.S. Department of Justice submitted a 30-page amicus brief saying the law, which has been upheld by Congress for more than 25 years, is “settled and sensible.”
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