{"id":777,"date":"2013-12-18T03:03:40","date_gmt":"2013-12-18T03:03:40","guid":{"rendered":"http:\/\/www.joneslemongraham.com\/blog\/?p=777"},"modified":"2021-12-21T20:04:40","modified_gmt":"2021-12-21T20:04:40","slug":"the-end-of-fraud-on-the-market","status":"publish","type":"post","link":"https:\/\/www.joneslemongraham.com\/blog\/the-end-of-fraud-on-the-market\/","title":{"rendered":"The end of &#8220;fraud on the market&#8221;?"},"content":{"rendered":"<p>by <a href=\"http:\/\/www.joneslemongraham.com\/attorneys.html?Attorney=Graham\">Christopher Graham<\/a> and <a href=\"http:\/\/www.joneslemongraham.com\/attorneys.html?Attorney=Kelly\">Joseph Kelly<\/a><\/p>\n<p><a href=\"http:\/\/www.joneslemongraham.com\/blog\/wp-content\/uploads\/2013\/12\/320px-Supreme_Court1.jpg\"><img loading=\"lazy\" src=\"http:\/\/www.joneslemongraham.com\/blog\/wp-content\/uploads\/2013\/12\/320px-Supreme_Court1-300x225.jpg\" alt=\"320px-Supreme_Court[1]\" width=\"300\" height=\"225\" class=\"alignnone size-medium wp-image-778\" srcset=\"http:\/\/www.joneslemongraham.com\/blog\/wp-content\/uploads\/2013\/12\/320px-Supreme_Court1-300x225.jpg 300w, http:\/\/www.joneslemongraham.com\/blog\/wp-content\/uploads\/2013\/12\/320px-Supreme_Court1.jpg 320w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Adopted by the Supreme Court in 1988, the &#8220;fraud on the market&#8221; doctrine allows plaintiffs in securities cases to bring a class action without alleging reliance on false statements regarding securities. Much has been written about the Supreme Court&#8217;s grant of certiorari in <em>Halliburton v. Erica John Fund<\/em> and the future of the &#8220;fraud on the market&#8221; doctrine in securities class actions. The Supreme Court in <em>Halliburton<\/em> is expected to decide whether &#8220;fraud on the market&#8221; should continue. As explained by Kevin LaCroix in the <a href=\"http:\/\/www.dandodiary.com\/2013\/11\/articles\/securities-litigation\/game-changer-the-us-supreme-court-to-revisit-fraud-on-the-market-presumption\/\">D&amp;O Diary<\/a> and by Douglas W. Greene in <a href=\"http:\/\/www.dandodiscourse.com\/2013\/11\/17\/is-the-demise-of-the-fraud-on-the-market-doctrine-near-be-careful-what-you-wish-for\/\">D&amp;O Discourse<\/a> the impact of the Supreme Court&#8217;s ruling &#8212; expected in mid-2014 &#8212; on D&amp;O claims for securities class actions could be significant.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>by Christopher Graham and Joseph Kelly Adopted by the Supreme Court in 1988, the &#8220;fraud on the market&#8221; doctrine allows plaintiffs in securities cases to bring a class action without alleging reliance on false statements regarding securities. Much has been written about the Supreme Court&#8217;s grant of certiorari in Halliburton v. Erica John Fund and [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/posts\/777"}],"collection":[{"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/comments?post=777"}],"version-history":[{"count":5,"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/posts\/777\/revisions"}],"predecessor-version":[{"id":805,"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/posts\/777\/revisions\/805"}],"wp:attachment":[{"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/media?parent=777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/categories?post=777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joneslemongraham.com\/blog\/wp-json\/wp\/v2\/tags?post=777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}