Halliburton, Others Face Fracking Antitrust Class Action

Law360, New York (August 2, 2013, 2:08 PM EDT) -- Halliburton Co., Schlumberger Ltd. and Baker Hughes Inc. were hit Wednesday with an proposed class action in Texas federal court over allegations that they conspired to raise the prices and limit competition in the quickly growing market for hydraulic fracturing.

The suit could be the first of many after news last week that U.S. Department of Justice had opened an antitrust probe into Halliburton and Baker Hughes' activities in hydraulic fracturing, known as fracking, a process of pumping fluids into rock formations that has recently opened...
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