CASE 22.3 Halliburton Co.v.Erica P.John Fund,Inc.(2014)dealt with a question of whether the defendant could present direct evidence concerning price impact to defeat the Basic presumption of reliance at the class certification stage.

Question

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The Halliburton Co. v. Erica P. John Fund, Inc. (2014) case addressed the issue of whether a defendant could present direct evidence of lack of price impact to rebut the Basic presumption of reliance at the class certification stage. The Supreme Court ruled that a defendant may present such evidence to challenge the presumption.

CASE 223 Halliburton Co