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Supreme Court Decision in Halliburton II Affords Welcome Tool to Defendants

by Michael L. Davitt
Jones Day - Dallas Office

N. Scott Fletcher
Jones Day - Houston Office

William S. Freeman
Jones Day - Washington Office

Robert W. Gaffey
Jones Day - Washington Office

Peter J. Romatowski
Jones Day - Washington Office

July 1, 2014

Previously published on June 2014

On June 23, the United States Supreme Court issued its highly anticipated decision in Halliburton Co. v. Erica P. John Fund, Inc., No. 13-317 ("Halliburton II"), ruling that defendants may defeat class certification in securities fraud cases if they show that alleged misrepresentations did not have an impact on the price of a stock.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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