June 3, 2014
The U.S. Supreme Court's anticipated decision in Halliburton II will be a landmark event in the world of class action securities litigation.
The United States Supreme Court's anticipated decision in Halliburton II will be a landmark event in the world of class action securities litigation. In its report, entitled The Possible Impact of Hallibuton II on Securities Class Action Litigation, the New York City Bar Association’s Committee on Securities Litigation, chaired by Willkie litigation partner Todd G. Cosenza, provides an overview of the issues before the Supreme Court in that case, followed by a concise explanation of the history and key concepts most relevant to the current debate, including the efficient capital markets hypothesis, the fraud-on-the-market presumption, and the legal landscape in which the Supreme Court recently granted certiorari. The report then seeks to identify and analyze the potential implications of the Supreme Court's decision in Halliburton II.
