Halliburton Decided: The Supreme Court Continues An Evolutionary, Not Revolutionary, Trend Limiting Potentially Frivolous Securities Class Action Lawsuits

The Supreme Court recently declined to eliminate the judicially-created “fraud-on-the-market” presumption of reliance applicable to certain securities fraud class action suits. The Court did, however, make it incrementally easier for business defendants end such suits at the earliest stages of litigation if they can demonstrate that the purportedly false or misleading statements did not affect the stock price at issue, and therefore could not have caused the damages alleged by plaintiffs.

YOUR COMPLIMENTARY 15-DAY LAW.COM TRIAL HAS ENDED.
Subscribe now to continue reading →

To continue reading, upgrade and become a Law.com subscriber.
Get 2 MONTHS FREE when you sign up for a 12 month subscription.