U.S. justices to hear Halliburton securities class action
Below is the first part of an article by Lawrence Hurley and Jonathan Stempel from Reuters on Chicagotribune.com. It reads…..
(Reuters) – The U.S. Supreme Court, which in recent years has ruled for business in a string of high-profile cases, agreed on Friday to hear a case that could herald a dramatic decline in securities class action litigation.
The case will give the justices an opportunity to re-appraise a 25-year-old precedent, Basic v. Levinson, that made it easier for securities class action cases to go beyond the preliminary certification stage.
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Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Twitter, Manta, Facebook, Squarespace, Dot Com