Supreme Court to review ‘fraud on the market’ presumption of reliance in securities class actions
On 15 November 2013, the US Supreme Court agreed to consider two questions that have the potential to transform the landscape of private securities litigation. Specifically, the court granted a petition for a writ of certiorari in Halliburton Co v Erica P John Fund and agreed to review: (i) whether the ‘fraud on the market’ presumption […]