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First Supreme Court Case for Baker Botts’ Aaron Streett Focus of Law360 Profile



HOUSTON, March 3, 2014 -- Baker Botts partner Aaron Streett, who will face off against veteran appellate lawyer David Boies in his U.S. Supreme court debut on Wednesday, was the focus of a recent Law360 profile.

Streett will represent Halliburton in Halliburton Co. et al. v. Erica P. John Fund, a challenge of the Court’s 1988 Basic Inc. v. Levinson decision, which established the fraud-on-the-market presumption of reliance.

For securities plaintiffs’ attorneys, the stakes could not be higher. Should the high court side with Halliburton and overturn Basic — which experts think is a real possibility — it could eliminate the fraud-on-the-market presumption, and with it most securities class action litigation, Law360 reporter Brian Mahoney wrote in his profile of Streett.

“It’s certainly an important case,” Streett told Law360 of the Halliburton matter. “Although I think I would prepare as intensely for just about any argument at the Supreme Court. My mindset is to get as prepared as possible and be able to anticipate almost any question the court could ask. So to that end we are doing several moot courts, and we are just practicing questions and answers until our eyes bug out.”

If he were to choose a sports analogy, Streett prefers thinking of Boies as a golfing partner, a friendly adversary who shares with him a daunting course: the nine Supreme Court justices.

“With respect to Mr. Boies, I think it doesn’t matter at all who’s arguing on the other side,” Streett said. “A Supreme Court argument to me is like golf: you’re playing against the course, and in this case, you’re playing against the court. The person on the other side really doesn’t make that much a difference in how I would prepare.”

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About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 15 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Throughout our 174-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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