- Category
- Client Alerts
- Date
- June 10, 2011
- Title
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Securities Litigation Alert: Supreme Court Holds That, at Class Certification Stage, Proof of Loss Causation Not Required to Establish “Fraud on the Market” Reliance
On June 6, 2011, the Supreme Court issued its decision in Erica P. John Fund, Inc. v. Halliburton Co., No. 09-1403, resolving a circuit split and unanimously holding that in proposed class actions under Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5, proof of loss causation is not a prerequisite to class certification.
Related People
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Arthur H. Aufses III
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- Counsel
- Co-author
- New York
- vcard
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Alan R. Friedman
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- Counsel
- Co-author
- New York
- vcard
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