Professor Joseph Grundfest weighs in on the possible outcomes of the Supreme Court’s upcoming securities class action case for Law360.

Many bets have the U.S. Supreme Court striking a middle-of-the-road decision on the landmark securities class action known as the Halliburton case, but attorneys and experts say even that course presents unknowns that could tie up district courts with knotty new questions or expose new classes of defendants to litigation.

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“It’s 50-50-50,” said Joseph Grundfest, a professor at Stanford Law School and former U.S. Securities and Exchange Commission member who co-authored another amicus brief opposing the Basic standard.