U.S. justices to hear Halliburton securities class action

The U.S. Supreme Court, which in latest years has dominated for industry in a string of excessive-profile circumstances, agreed on Friday to listen to a case that might herald a dramatic decline in securities class action litigation. The case will supply the justices a chance to re-appraise a 25-12 months-outdated precedent, Common v. Levinson, that made it more uncomplicated for securities type motion circumstances to go past the preliminary certification stage. Shareholders, led through the Erica P. John Fund Inc, sued Halliburton Co Halliburton sought Supreme Courtroom evaluate after shedding in lower courts.