Daily Archives: June 24, 2014

Fraud on the (Inefficient?) Market

By Matt Skurnik Yesterday, in Halliburton Co. v. Erica P. John Fund, Inc., the Supreme Court, among other holdings, upheld the more than 25-year-old “fraud on the market” theory for securities fraud class actions. Though at first glance this complex case may seem to involve only a very specific and technical distinction, the end result has…

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