RT ProExec Newsletter InSights

InSights is a newsletter written and published by RT ProExec approximately every quarter (or more frequently as events demand). Each issue is devoted to a single topic related to the field of Executive Liability Insurance.

Please enjoy the Summer 2014 InSights:

Halliburton: U.S. Supreme Court Declines to Overturn Basic, Allows Defendants to Rebut Presumption of Reliance
On June 23, 2014, the U.S. Supreme Court released its long awaited decision in Halliburton Co. v. Erica P. John Fund, in which the Court had taken up the question of whether to set aside the presumption of reliance based on the fraud on the market theory that the Court first recognized in its 1988 decision in Basic, Inc. v. Levinson. The case was closely watched because its outcome had the potential to transform securities class action litigation in the United States. In the end, the Court, in an opinion written by Chief Justice John Roberts and joined by five other justices, declined to overturn Basic, but held that a securities class action defendant should have the opportunity at the class certification stage to try to rebut the presumption by showing that the alleged misrepresentation did not impact the defendant company's share price. Click here to view this issue >

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