Supreme Court hears arguments on securities fraud

[JURIST] The US Supreme Court [official website] heard oral arguments [day call, PDF] Wednesday on class certification procedures in stock and securities fraud litigation. In Halliburton Co. v. Erica P. Johnson Fund, Inc. [transcript, PDF] the court will decide whether the Fifth Circuit's ruling [text] is contradictory both to prior Supreme Court precedents and to the Federal Rule of Civil Procedure 23 [text] by requiring plaintiffs in securities fraud cases to show loss causation to obtain class certification, or whether...

Source: http://jurist.org/paperchase/2014/03/supreme-court-hears-arguments-on-securities-fraud.php

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