Start : Wednesday, July 16, 2014 02:00 PM
End : Wednesday, July 16, 2014 03:00 PM
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Federalist Society Teleforum Conference Call
George T. Conway III
On Monday, June 23, 2014 the Supreme Court issued a 9-0 decision in the highly anticipated securities fraud case Halliburton v. Erica P. John Fund. The case offered the Court an opportunity to revisit its 1988 decision in Basic v. Levinson, in which it adopted the “fraud on the market” doctrine. Fraud on the market is critical to modern securities fraud class action lawsuits -- the doctrine assumes that any misrepresentations of a security traded in an efficient market will affect that security’s market price and thus affect any shareholders trading in reliance of market price, an assumption that precludes consideration of whether potential class members actually heard and acted on fraudulent statements. The Court declined to overturn Basic; our expert will discuss the reasoning and impact of the decision.
- George T. Conway III, Partner, Wachtell, Lipton, Rosen & Katz
Call begins at 2:00 p.m. Eastern Time.Registration details:
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