Skip to Content

“Is the United States Supreme Court Poised to Overrule or Modify Basic Inc. v. Levinson?” – part 2

On January 17, 2014 by Schnader

Eric A. Boden authored the article “Is the United States Supreme Court Poised to Overrule or Modify Basic Inc. v. Levinson?” published in the November/December 2013 edition of the Financial Fraud Law Report. 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.