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Is the United States Supreme Court Poised to Overrule or Modify Basic Inc. v. Levinson? – part 1

On November 27, 2013 by Schnader

In granting certiorari in the case of Halliburton Co. v. Erica P. John Fund, Inc., the U.S. Supreme Court signals that it is again prepared to reevaluate Basic Inc. v. Levinson’s fraud-on-the-market theory as it relates to shareholder class actions.

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