In CASE 22.3 Halliburton Co.v.Erica P.John Fund,Inc.(2014),the U.S.Supreme Court considered the __________ theory,as well as the question a defendant in a securities fraud trial should be allowed to present evidence to challenge the __________.

Question

Quizplus · Accepted Answer

The case involved the fraud-on-the-market theory, which is based on the efficient capital market hypothesis. The question before the court was whether a defendant should be allowed to challenge the Basic presumption of reliance, which is a key element of the fraud-on-the-market theory. Therefore, the correct answer is C - fraud-on-the-market theory and Basic presumption of reliance.