The Supreme Court granted certiorari in a
significant securities case on Friday. Erica P. John Fund, Inc. v.
Halliburton Co , No. 09-1403. The question the Court agreed to consider
focuses on whether plaintiffs in a securities fraud class action must prove
loss causation at the class certification...
observers had expected, the U.S. Supreme Court has reversed the Fifth
Circuit's opinion in the Halliburton case. In a brief June 6, 2011 opinion from
Chief Justice John
Roberts , writing for a unanimous court, the Court held that securities
class action lawsuit plaintiffs do not need...
Plaintiffs in a securities class action are not required
to prove loss causation as part of the class certification process, the Supreme
Court held in a unanimous decision handed down on Monday. Erica P. Hon Fund,
Inc. v. Halliburton Co., No. 09-1403 (Decided June 6, 2011) [ the enhanced version of...