Bloomberg BNA Publishes Michelle Reed Article on SCOTUS and Halliburton Case
“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.