Forum
U.S. Supreme Court
Case Status
Decided
Docket Number
Term
Cert. Denied
Lower Court Opinion
Questions Presented
1. Whether a defendant seeking to rebut the fraud-on-the-market presumption of reliance under Basic Inc. v. Levinson, 485 U.S. 224 (1988), has a burden of production or a burden of persuasion.
2. Whether plaintiffs may invoke the fraud-onthe-market presumption without direct evidence that the price of the security responded to new, material information during the class period.
Case Updates
Cert. petition denied
April 30, 2018
U.S. Chamber urges Supreme Court to grant cert. to review certification of securities class action
March 30, 2018
Click here to view the amicus brief filed by the U.S. Chamber and the Securities Industry and Financial Markets Association.
Michael H. Park, Patrick Strawbridge, and J. Michael Connolly of Consovoy McCarthy Park PLLC served as co-counsel for the amici.
Case Documents
- Opinion -- Waggoner v. Barclays PLC (Second Circuit).pdf
- Cert. Petition -- Barclays PLC v. Waggoner (U.S. Supreme Court).pdf
- Appendix -- Barclays PLC v. Waggoner (U.S. Supreme Court).pdf
- Brief in Opposition -- Barclays PLC v. Waggoner (U.S. Supreme Court).pdf
- U.S. Chamber & SIFMA Amicus Brief -- Barclays PLC v. Waggoner (U.S. Supreme Court).pdf