Each year, the Annual Survey of American Law welcomes academics and practitioners to NYU for a day of discussion devoted to a specific and current area of the law. For information on past events, please see the links to the left. Contact our Symposium Editor with any questions you might have.
Halliburton II, Fraud-on-the-Market and the Supreme Court's Consideration of Basic v. Levinson
Recently, the U.S. Supreme Court heard arguments in a case that could bring a striking decline in securities class action litigation. The case is Halliburton Co. v. Erica P. John Fund, U.S. Supreme Court, No. 13-317. The Court heard oral arguments on March 5, 2014, and a decision is expected in late June 2014. As many commentators have asserted, Halliburton II is potentially very significant. The reconsideration of Basic v. Levinson may allow the Court to reevaluate a 26-year-old precedent that helped securities class action cases progress beyond the prelimianry class certification stage. Or the Court could take no action.
The Symposium will be held during early 2015 and will serve as a workshop for the "fraud-on-the-market" theory, the Supreme Court's Halliburton II decision, and its impact on the financial and legal world. CLE credit will be available.