Roundtable-Securities
Jan. 1, 2014
Securities
An update with Dechert; Lieff Cabraser Heimann & Bernstein; Morrison & Foerster; Paul Hastings; and the U.S. Attorney's office for the Northern District.
In private securities litigation, all eyes are on the U.S. Supreme Court hearing set for March on Halliburton Co.'s appeal challenging the longstanding fraud-on-the-market doctrine, which underlies most securities litigation. Set out in 1988, the doctrine allows most securities cases to proceed as class actions so long as plaintiffs demonstrate that the market is efficient, which has usually been an easy hurdle to overcome. Now, in a case that began in 2002 and alre...
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