LexisNexis® Legal Newsroom
Duane Morris Alert: Supreme Court Sets Stage for Skirmish on Price Impact and Securities Class Certification

In Erica P. John Fund, Inc. v. Halliburton Co. , 1 the U.S. Supreme Court reversed a Fifth Circuit decision that required a putative class of investors to prove loss causation in order to attain class certification. The Court rejected defendant Halliburton's argument that the Fifth Circuit's...

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...