Best Buy's Halliburton Win Seen As Hard Act To Repeat
Law360, New York (April 13, 2016, 10:02 PM EDT) -- The Eighth Circuit delivered the securities defense bar what it's been longing for ever since the landmark Halliburton II decision when it dismantled a certified class of investors suing Best Buy, but plaintiffs attorneys and others said the victory may be hard to repeat given the unusual facts that led to this week's decision.
In a first-of-its-kind opinion, a split Eighth Circuit panel on Tuesday ruled that a class of Best Buy Co. Inc. investors shouldn't have been certified because the company had shown evidence that undermined investor claims that the retailer's executives misled the market when they gave stock analysts...
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