On June 23, 2014, Chief Justice Roberts delivered an opinion in Halliburton v. Erica P. John Fund (“Halliburton II”) addressing two issues of importance to the process of litigating securities class actions, namely: Whether to overrule or else substantially modify the holding of Basic Inc. v. Levinson (“Basic”), to the extent that it recognizes a presumption of class-wide reliance derived Continue Reading...
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