- Category
- Client Alerts
- Date
- June 24, 2014
- Title
-
Securities Litigation Alert: Supreme Court Holds That Defendants May Use Price Impact Evidence to Rebut the Fraud on the Market Doctrine at the Class Certification Stage in Federal Securities Fraud Actions
This alert examines the Supreme Court’s ruling in Halliburton II, in which the Court held that defendants in proposed class actions under Section 10(b) of the Exchange Act and SEC Rule 10b-5 may, at the class certification stage, seek to rebut application of the "fraud on the market" doctrine with evidence that alleged fraudulent misrepresentations did not affect the market price of the security at issue.
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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Kerri Ann Law
-
- Partner
- Co-author
- New York
- vcard
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