Halliburton's Middle Ground Still Promises Sweeping Change

By Ed Beeson (May 30, 2014, 8:34 PM EDT) -- Many bets have the U.S. Supreme Court striking a middle-of-the-road decision on the landmark securities class action known as the Halliburton case, but attorneys and experts say even that course presents unknowns that could tie up district courts with knotty new questions or expose new classes of defendants to litigation.

Even if the high court were to use the Halliburton case to toss the principle that a company's material misstatements can constitute a fraud on the market — the bedrock of securities class actions over the past quarter-century — defense attorneys say it by no means spells the end of securities...

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