Halliburton v. Erica John P. Fund, Inc., Fraud-on- the-Market Presumption of Reliance Established; What Now?
About 25 years ago, the Supreme Court, through its endorsement of the fraud-on-the-market (FOTM) theory in Basic, Inc. v. Levinson, paved the way for modern securities-fraud litigation as we know it. That establishment, which effectively represents the principal way through … Continue reading