• Supreme Court Decision in Halliburton II Affords Welcome Tool to Defendants
  • July 1, 2014 | Authors: Michael L. Davitt; N. Scott Fletcher; William S. Freeman; Robert W. Gaffey; Peter J. Romatowski
  • Law Firms: Jones Day - Dallas Office ; Jones Day - Houston Office ; Jones Day - Washington Office
  • 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.