A ruling has come down from the Supreme Court on Halliburton Co. v. Erica P. John Fund. It has been decided to not overturn the precedent set by Basic, Inc. v. Levinson.
Now that the speculation is over as to whether the Court would reverse Basic, the focus is on what level of impact the ruling will have on securities class action litigation going forward. While the Halliburton ruling may not impact the numbers of shareholder suits filed, it may very well impact how cases are litigated and resolved—possibly increasing costs on both fronts.
Learn more about the Supreme Court’s decision and the impact it may have on D&O coverage in my recent white paper: Halliburton Ruling Creates Risks for Securities Litigants on Both Sides