Tag: Reliance

Supreme Court Could Transform Shareholder Lawsuits With Halliburton Case – Businessweek

The high court agreed on Friday to hear an appeal by Halliburton asking the high court to overturn a 1988 precedent that made it much easier for shareholders to band together to allege corporations have defrauded investors. The precedent, Basic v. Levinson, said that shareholders didn’t have to show that they had made investment decisions in reliance on a company…

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