Lawyers Weigh In On High Court's Halliburton Ruling
Law360, New York (June 23, 2014, 6:12 PM EDT) -- The U.S. Supreme Court refused on Monday to overturn its Basic v. Levinson decision but ruled that securities defendants may rebut the fraud-on-the-market presumption of reliance before class certification. Here, attorneys tell Law360 why the decision in Halliburton Co. et al. v. Erica P. John Fund is significant.
George W. Arnett III, McCarter & English LLP
“The ultimate effect of splitting this baby is that securities class action plaintiffs and defendants will both face steep discovery and motion practice costs in cases where, had the court ruled otherwise, we would have seen earlier resolution. The decision allows a defendant corporation to...
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