|by Richard Wolf, USA TODAY|
But the court, in a classic compromise written by Chief Justice
The business community, led by the plaintiff in the case,
Overturning the quarter century-old Basic v. Levinson decision would have been a major victory for corporations and a devastating blow to investors. Three justices —
Trade groups representing institutional investors say reliance on market prices is essential, because most of them use market indexes and lack the time and expertise to parse corporate financial statements.
The investors' fund contends that
|Copyright:||Copyright 2014 USATODAY.com|