Supreme Court To Revisit Fraud-on-the-Market Basis for Class Certification

On 5 March, 2014, the Supreme Court will hear argument in a suit that has the potential to alter significantly the landscape of class action litigation in the United States.  The case, an alleged class action based on securities fraud, calls into question the approach taken by US courts in securities cases for the last 25 years, but could also have ramifications extending beyond securities litigation. Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317 (U.S. Nov. 15, 2013).

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