Summary
In Halliburton, the Fifth Circuit held that, before a plaintiff can rely on the Basic presumption to obtain class certification, the plaintiff must "establish loss causation" — that is, "that the complained-of misrepresentation or omission materially affected the market price of the security."
Summary of this case from Sergeants Benevolent Association v. LillyOpinion
No. 09–1403.
01-07-2011
ERICA P. JOHN FUND, INC., fka Archdiocese of Milwaukee Supporting Fund, Inc., petitioner, v. HALLIBURTON CO. et al.
Petition for writ of certiorari to the United States Court of Appeals for the Fifth Circuit granted.