As the U.S. Supreme Court winds down its current term, it issued a ruling in one of the year’s big-ticket cases: Halliburton v. Erica P. John Fund. Also known as Halliburton II, the decision was released Monday and gave companies trying to protect themselves from securities fraud class actions something to smile about.
Were attorneys who defend corporate clients happy about the outcome? Yes. Were they surprised? Probably not. “I think the decision kind of came down as many people expected, and as I would’ve expected,” Dan Gold, a partner in Haynes and Boone’s class action and securities and shareholder litigation practices, told CorpCounsel.com.
