Update On Economic Analysis of Price Impact in Securities Class Actions Post-Halliburton II

By | The D&O Diary | August 18, 2015

In its June 2014 opinion in Erica P. John Fund, Inc. v. Halliburton Co., the United States Supreme Court held that in connection with a motion for class certification in a securities class action lawsuit, a defendant should have the opportunity to try to rebut the presumption of reliance by showing that the alleged misrepresentation did not impact the defendant company’s share price.