Erica P. John Fund v. Halliburton: What is the Basic Presumption Worth?

Excerpt: Erica P. John Fund, Inc. v. Halliburton Co, No. 09-1403 has the potential to rewrite the standards for certifying a class in securities fraud actions. The High Court heard argument on April 25, 2011 and should hand down its decision prior to the end of the term in June. The issue the Court...

Amgen: One Step Closer to Re-Examining the Fraud-On-the-Market Presumption of Reliance

by Jonathan Eisenberg Excerpt: Plaintiffs in securities fraud cases rely on the fraud-on-the-market presumption of reliance to obtain class certification. As the Supreme Court recently stated in Amgen Inc. v. Connecticut Retirement Plans, No. 11-1085, slip op. at 5-6 (Feb. 27, 2013) (hereinafter...