Halliburton v. Erica P. John Fund, Inc. The Supreme Court Leaves the Presumption of Reliance Intact (PDF)
In Halliburton Co. v. Erica P. John Fund, Inc., should the Supreme Court reverse or substantially modify its decision in Basic, a 26-year old case that provides the primary basis for certifying securities law class actions. The Court decided not to modify Basic at all. This was viewed as potentially the most important securities law case in decades. What do these cases say about the Court's approach to securities law class actions going forward?
Jon Eisenberg is the General Editor of and a contributor to Litigating Securities Class Actions, a single-volume looseleaf treatise, published by LexisNexis, on the most critical issues that arise in securities class action litigation. He is also a partner with K&L Gates, LLC. The views expressed in this article are only those of Mr. Eisenberg.
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