Chief Justice Roberts' Alliance with Liberal Factions Leads to Major Decisions

Supreme Court Chief Justice John Roberts joined with "unexpected allies--his liberal colleagues--in an alliance that drew some of the Supreme Court's major decisions closer toward the ideological middle in the term just concluded," the Wall Street Journal reports. For example, Roberts aligned with the liberal justices and conservative Justice Anthony Kennedy to uphold a precedent allowing securities fraud class-action plaintiffs to rely on the theory that market prices reflect all publicly available information and that keeping information from investors can constitute fraud on the market. But the test was refined so that corporations can more easily get class actions thrown out, WSJ reports.