H. Peter Haveles, a partner at Arnold & Porter, writes that a recent ruling in the U.S. Court of Appeals for the Fifth Circuit is the logical extension of the U.S. Supreme Court's decision in Dura Pharmaceuticals, and may be the penultimate step to repudiation of the fraud-on-the-market presumption.
'Oscar': Nearing the End of Fraud-on-Market Theory?
New York Law Journal
September 27, 2007
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