Bloomberg BNA Publishes Michelle Reed Article on SCOTUS and Halliburton Case

February 28, 2014

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Sarah Richmond

Senior Communications Manager

“The Sky Is Not Falling: Why Supreme Court Review of Halliburton Does Not Forebode the End for Securities Fraud Litigation,” an article by Akin Gump litigation partner Michelle Reed, has been published by Bloomberg BNA’s Class Action Litigation Report

The article analyzes the issues in Halliburton v. Erica P. John Fund, their potential outcomes and “the tactics that plaintiffs may employ to continue bringing securities fraud claims should the court ultimately reverse or substantially limit the fraud-on–the-market principle established in Basic v. Levinson.”

Reed’s conclusion: “The stakes are high for both sides in Halliburton II, but the defense attempt to overrule Basic may ultimately result in a new, expensive world of litigation for corporate defendants.”

To read the full article, please click here.

Share This Insight

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.