Bass, Berry & Sims attorney Britt Latham provided insight for a Law360 article discussing the Eighth Circuit’s application of the Supreme Court’s 2014 Halliburton II decision in its reversal of the certification of a class of Best Buy shareholders. The shareholders had claimed the company provided misleading optimistic earnings projections in 2010 that ultimately did not materialize and caused Best Buy stock prices to fall. The Law360 article captures reaction to the decision and its implications on future cases. As Britt points out, “‘… it’s further proof that the class certification fight in securities litigation, which for so many years was a nonevent, has some new life.'”
The full article, “Best Buy’s Halliburton Win Seen As Hard Act To Repeat,” was published by Law360 on April 13, 2016, and is available online.