Editor's Note :

Editor's Note :

On Monday at 9:30 a.m. we expect orders from the April 24 Conference. We expect one or more opinions in argued cases at 10 a.m. on Wednesday.

Erica P. John Fund, Inc. v. Halliburton Co.

Docket No. Op. Below Argument Opinion Vote Author Term
09-1403 5th Cir. Apr 25, 2011
Tr.Aud.
Jun 6, 2011 9-0 Roberts OT 2010

Holding: Securities fraud plaintiffs need not prove loss causation to obtain class certification.

Plain English Holding: Shareholders who allege that they were defrauded do not have to prove that the alleged fraud caused them to lose money to receive permission to proceed as a class action, rather than in individual lawsuits, even if they will eventually have to prove those losses at trial to win their case.

Judgment: Vacated and remanded on June 6, 2011.

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