Recent Posts

Basic, Dura And The Halliburton Decision On Class Certification In Securities Class Actions
Posted on 9 Jun 2011 by Thomas O. Gorman

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... Read More

Proof of Loss Causation Not Needed At Class Certification Stage, High Court Rules In Halliburton Case
Posted on 9 Jun 2011 by Kevin M. LaCroix

As many 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... Read More

Erica P. John Fund, Inc v. Halliburton Co. Securities Class Action: Loss Causation And Class Certification
Posted on 25 Jan 2011 by Thomas O. Gorman

In Halliburton , the Supreme Court is deciding "Whether, in a private action under Section 10(b) of the Securities Exchange Act of 1934 . . . a plaintiff who invokes the fraud-on-the market presumption of reliance must prove loss causation in order... Read More

Technip To Pay $338 Million To Settle Foreign Bribery Charges
Posted on 29 Jun 2010 by Dylan McGuire

HOUSTON - A French engineering and construction company has agreed to pay $98 million to the U.S. Securities and Exchange Commission and $240 million to the U.S. Department of Justice (DOJ) for alleged violations of the Foreign Corrupt Practices Act ... Read More

Supreme Court Hears Oral Argument In Securities Class Action
Posted on 25 Apr 2011 by Timothy Raub

WASHINGTON, D.C. - (Mealey's) An investor that alleged that Halliburton Co. and certain of its officers violated federal securities law by making false and misleading statements about its asbestos litigation liability told the U.S. Supreme Court on... Read More