Committee Reports

Report on the Possible Impact of Halliburton II on Securities Class Action Litigation (May 2014)


The Supreme Court’s anticipated decision in Halliburton II will be a landmark event in the world of class action securities litigation. In its report, The Possible Impact of Hallibuton II on Securities Class Action Litigation, the Committee on Securities Litigation provides an overview of the issues before the Supreme Court in that case, followed by a concise explanation of the history and key concepts most relevant to the current debate, including the efficient capital markets hypothesis, the fraud-on-the-market presumption, and the legal landscape in which the Supreme Court recently granted certiorari. The report then seeks to identify and analyze the potential implications of the Supreme Court’s decision in Halliburton II.