The fraud-on-the-market presumption of reliance in securities fraud class actions may be rebutted by defendants at the class certification stage with evidence of no price impact.
Securities
Under SEC Rule 10b-5, only the maker of a false statement—the entity with ultimate authority over its content—can be primarily liable for securities fraud.
Chevron U.S.A. v NRDC overruled; courts must independently interpret statutes and may not defer to agency interpretations solely because of statutory ambiguity.
Get a detailed analysis of Halliburton Co v Erica P John Fund Inc and how it applies to your situation.
Explain Halliburton Co v Erica P John ...