Erica P. John Fund Archives

Post-Halliburton: Implications for Public Corporations, Directors and Officers

By PLUS|2014-07-08T13:35:21-05:00July 8, 2014|Current Events, D&O, D&O Symposium|0 Comments

PLUS is pleased to offer a timely educational webinar on the recent Supreme Court decision in Halliburton v. Erica P John Fund. Join us for "Post-Halliburton Decision: Implications for Public Traded Corporations and their Directors and Officers." REGISTER NOW Date: Monday, July 14th Time: 12:30 ET / 11:30 CT / 9:30 PT Length: 45 minutes This webinar is a follow-up to the 2014 D&O Symposium session "Securities Class Action Litigation Update" and will feature many of the same panelists from the live session. PLUS members can review that session in the PLUS Multimedia Library prior to Monday's update. Moderator: Jordan Eth, [...]

SCOTUS: Halliburton and Fraud on the Market

The D&O insurance market is looking anxiously to Washington D.C. this week as the Supreme Court hears arguments in Halliburton v. Erica P. John Fund. One of the big concerns surrounding this case is the potential impact on the "fraud on the market" presumption for class action litigation. Reuters' Allison Frankel has a full write-up of oral arguments from Wednesday, March 5 here - we've highlighted a few key paragraphs below. Justice Anthony Kennedy was the first to raise the possibility of a compromise that would not entirely undermine Basic’s adoption of fraud-on-the-market theory, which assumes that market prices reflect all available public [...]