{"argument_date":"2014-03-05T00:00:00Z","arguments":[{"argument_date":"2014-03-05T00:00:00Z","heading":"What happened at the argument","official_detail_url":"https://www.supremecourt.gov/oral_arguments/argument_transcript/2013","official_transcript_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","paragraphs":["Mr. Streett argued Basic was wrong when decided.","Mr. Boies argued Basic relied on commerce.","Justice Kagan asked about the third point.","Justice Alito asked about rebuttal success rates."],"reargument":false,"sequence":1,"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 10, lines 5-31","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 10, lines 5-31"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 25, lines 39-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 25, lines 39-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 19-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 51-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 51-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 7-17","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 7-17"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 29-31","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 4, lines 29-31"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 35-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 4, lines 35-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 42, lines 7-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 42, lines 7-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 3-33","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 5, lines 3-33"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 53, lines 23-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 53, lines 23-9"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 54, lines 11-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 54, lines 11-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 54, lines 21-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 54, lines 21-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 55, lines 37-39","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 55, lines 37-39"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 29-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 6, lines 29-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 33-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 6, lines 33-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 11-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 7, lines 11-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 45-13","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 7, lines 45-13"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 37-41","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 8, lines 37-41"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 9, lines 19-19","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 9, lines 19-19"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 9, lines 21-37","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 9, lines 21-37"}]}],"caption":"Halliburton Co. v. Erica P. John Fund, Inc.","case_history":[{"changed_at":"2026-08-29T20:06:24.012596Z","explanation":"An official oral-argument transcript was verified.","status":"argued"},{"changed_at":"2026-08-29T20:06:24.037549Z","explanation":"An official oral-argument transcript was verified.","status":"argued"}],"case_status":"argued","dek":"the sides that brought the case want to prove no price impact at class certification. the opposing sides want to delay that proof until trial.","dek_sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 25, lines 39-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 25, lines 39-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 19-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 42, lines 7-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 42, lines 7-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 53, lines 23-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 53, lines 23-9"}],"dispositions":[],"latest_court_document_date":"2014-03-05T00:00:00Z","maturity":"official_transcript","official_detail_url":"https://www.supremecourt.gov/oral_arguments/argument_transcript/2013","official_disposition_urls":[],"official_docket_url":"https://www.supremecourt.gov/docket/docketfiles/html/public/13-317.html","primary_docket":"13-317","revisions":[{"correction_note":"Rewritten to the concise citizen-facing editorial standard.","created_at":"2026-08-30T20:50:04.797781Z","maturity":"official_transcript","revision_number":1},{"correction_note":"Migrated to the dated official Court activity contract without model use.","created_at":"2026-09-05T03:22:24Z","maturity":"official_transcript","revision_number":2}],"schema_version":"1.1","sections":[{"heading":"What this case is about","paragraphs":["This case tests when defendants may prove a stock price did not react to alleged fraud. the sides that brought the case argue this proof belongs at class certification. the opposing sides argue it belongs at trial."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 25, lines 39-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 25, lines 39-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 19-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 42, lines 7-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 42, lines 7-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 53, lines 23-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 53, lines 23-9"}]},{"heading":"How the case got here","paragraphs":["The Supreme Court heard oral argument in this case on March 5, 2014."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 7-17","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 7-17"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 55, lines 37-39","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 55, lines 37-39"}]},{"heading":"What each side wants","paragraphs":["the sides that brought the case want to prove no price impact at class certification.","the opposing sides want to delay price impact proof until trial."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 25, lines 39-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 25, lines 39-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 19-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 42, lines 7-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 42, lines 7-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 53, lines 23-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 53, lines 23-9"}]},{"heading":"What each side says","paragraphs":["the sides that brought the case argue Basic was wrong and substituted theory for reliance.","the opposing sides argue Basic relied on commerce, not economic theory."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 25, lines 39-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 25, lines 39-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 19-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 42, lines 7-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 42, lines 7-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 53, lines 23-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 53, lines 23-9"}]},{"heading":"What the justices asked","paragraphs":["Justice Kagan asked if the approach is binary.","Justice Ginsburg asked when the rebuttal occurs."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 10, lines 5-31","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 10, lines 5-31"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 51-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 51-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 29-31","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 4, lines 29-31"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 35-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 4, lines 35-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 3-33","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 5, lines 3-33"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 54, lines 11-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 54, lines 11-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 54, lines 21-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 54, lines 21-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 55, lines 37-39","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 55, lines 37-39"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 29-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 6, lines 29-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 33-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 6, lines 33-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 11-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 7, lines 11-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 45-13","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 7, lines 45-13"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 37-41","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 8, lines 37-41"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 9, lines 19-19","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 9, lines 19-19"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 9, lines 21-37","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 9, lines 21-37"}]},{"heading":"Why it matters","paragraphs":["This dispute determines when courts examine price impact evidence. It affects the cost and speed of securities litigation. It shapes how plaintiffs prove reliance on market prices."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 25, lines 39-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 25, lines 39-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 19-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 42, lines 7-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 42, lines 7-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 53, lines 23-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 53, lines 23-9"}]},{"heading":"What happens next","paragraphs":["This article currently covers the argument record. Use the official docket link for later case activity."],"sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 10, lines 5-31","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 10, lines 5-31"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 51-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 51-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 7-17","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 7-17"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 29-31","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 4, lines 29-31"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 4, lines 35-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 4, lines 35-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 5, lines 3-33","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 5, lines 3-33"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 54, lines 11-15","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 54, lines 11-15"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 54, lines 21-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 54, lines 21-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 55, lines 37-39","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 55, lines 37-39"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 29-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 6, lines 29-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 6, lines 33-35","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 6, lines 33-35"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 11-29","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 7, lines 11-29"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 7, lines 45-13","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 7, lines 45-13"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 8, lines 37-41","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 8, lines 37-41"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 9, lines 19-19","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 9, lines 19-19"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 9, lines 21-37","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 9, lines 21-37"}]}],"slug":"2013-13-317-halliburton-co-v-erica-p-john-fund-inc","term":"2013","title":"Can defendants prove no price impact before class certification?","title_sources":[{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 25, lines 39-23","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 25, lines 39-23"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 3, lines 19-49","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 3, lines 19-49"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 42, lines 7-47","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 42, lines 7-47"},{"evidence_type":"Transcript","label":"Official Supreme Court Transcript — file page 53, lines 23-9","official_url":"https://www.supremecourt.gov/oral_arguments/argument_transcripts/2013/13-317_3c45.pdf","page_label":"file page 53, lines 23-9"}],"topics":[],"undated_disposition_date_fallback":null,"updated_at":"2026-09-05T03:22:24Z"}