US Urges High Court To Tackle Loss Causation Rule

By Jacqueline Bell ( December 6, 2010, 6:29 PM EST) -- The U.S. solicitor general has recommended that the U.S. Supreme Court take up a suit against Halliburton Co. that grapples with the question of whether plaintiffs in putative securities fraud class actions should be required to establish loss causation in order to trigger the fraud-on-the-market presumption at the class certification stage....

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