Daily Archives: June 24, 2014

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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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