Is The United States Supreme Court Poised To Overrule or Modify Basic Inc. v. Levinson?

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On November 15, 2013, the U.S. Supreme Court granted a petition for writ of certiorari to Petitioner Halliburton Company ("Halliburton") in the case entitled Halliburton Co. v. Erica P. John Fund, Inc., f/k/a Archdiocese of Milwaukee Supporting Fund, Inc. Halliburton appeals to the Supreme Court from a decision by the U.S. Court of Appeals for the Fifth Circuit affirming the certification of a class in a securities fraud class action and rejecting Halliburton’s attempt to introduce price impa

United States Litigation, Mediation & Arbitration

Eric A. Boden authored the article "Is the United States Supreme Court Poised to Overrule or Modify Basic Inc. v. Levinson?" published in the November/December 2013 edition of the Financial Fraud Law Report. In granting certiorari in the case of Halliburton Co. v. Erica P. John Fund, Inc., the U.S. Supreme Court signals that it is again prepared to reevaluate Basic Inc. v. Levinson's fraud-on-the-market theory as it relates to shareholder class actions.

Originally published in Financial Fraud Law Report (November/December 2013)

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Is The United States Supreme Court Poised To Overrule or Modify Basic Inc. v. Levinson?

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