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Fraud-On-The-Market Theory, What’s That?

This morning before the Supreme Court convened to hear a securities fraud case I spotted lawyer David Boies, who would be arguing for the class action plaintiffs (here the respondents), standing by himself as if in reverie, gazing at the statue of Justice John Marshall. Unfortunately Tom Goldstein, another veteran of the Court, sketchbombed my drawing under the pretense of having a chat with Boies.

The argument itself, Halliburton v. Erica P. John Fund, was way over my head. Fraud-on-the-market theory? Price impact v. market efficiency ? Better that I leave it alone and just post my sketches.

Posted in Arguments, Supreme Court Tagged with: , ,
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