Securities class action suits are here to stay. That’s the result of the Supreme Court’s recent ruling in Halliburton v. Erica P. John Fund, a case that directors, officers, the companies they serve and the D&O insurance industry closely watched.
As I discussed in an earlier column for InsideCounsel, the Supreme Court’s decision to hear the case prompted many to predict that we were about to see the end of most securities class action lawsuits. Sadly, these hopes have been dashed by the Supreme Court’s decision.
