WASHINGTON, D.C., JUNE 23, 2014 – 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.
Alliance for Justice is a national association of over 100 organizations, representing a broad array of groups committed to progressive values and the creation of an equitable, just, and free society. Through our justice programs, we lead the progressive community in the fight for a fair judiciary, and through our advocacy programs, we help nonprofits and foundations to realize their advocacy potential. Learn more about Alliance for Justice at afj.org.