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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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