News Column

AFJ: Supreme Court Makes it Harder for Shareholders to Stand Up for their Rights

June 23, 2014



WASHINGTON, June 23 -- Alliance for Justice issued the following news release:

Alliance for Justice President Nan Aron issued the following statement today in response to the Supreme Court decision in Halliburton Co. v. Erica P. John Fund:

While not expressly overturning precedent, the Supreme Court has placed new barriers in front of shareholders that could make it far more difficult for them to stand up for their rights in court against corporations that have defrauded them out of their hard-earned money. We hope the courts heed Justice Ginsburg's warning that this decision "should impose no heavy toll on securities-fraud plaintiffs with tenable claims," but we fear that it will.

Read our report: Halliburton at the Supreme Court: What's at Stake in Halliburton Co. v. Erica P. John Fund (http://www.afj.org/reports/halliburton-at-the-supreme-court-whats-at-stake-in-halliburton-co-v-erica-p-john-fund)

Hear excerpts from oral arguments, with analysis on our AFJ Audio Analysis page (http://www.afj.org/multimedia/audio-analysis/audio/halliburton-v-erica-p-john-fund-inc)

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Source: Targeted News Service