Posts tagged "Supreme Court"

Justices Consider Overturning Landmark Securities Ruling

fraudonthemarketLast week, the Supreme Court heard oral arguments in Halliburton Co. v. Erica P. John Fund, Inc. In the class action suit, Halliburton shareholders allege that the company falsified its financial records and misled investors about its exposure to asbestos claims, among other charges. And once the facts came to light, investors allege, the value of their …

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Supreme Court to Revisit Extent of Class-Action Tolling

IndyMacOn March 10th, the U.S. Supreme Court agreed to consider whether the three-year window for filing a securities claim is suspended if investors can prove that they would have been plaintiffs in a previous class action, had it not been dismissed. The case at issue in front of the Court is Public Employees’ Retirement System of Mississippi …

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