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Supreme Court Reverses Fifth Circuit in Halliburton Case; Proof of Loss Causation Not Required At Class Certification Stage

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 class action lawsuit plaintiffs do not need...

Basic, Dura and Class Certification: The Halliburton Decision

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...