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


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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