Halliburton Fraud Class Wins Cert After SCOTUS Ruling

Law360, New York (January 27, 2012, 3:34 PM EST) -- A Texas federal judge on Friday certified a nearly decade old securities class action lawsuit against Halliburton Co. after the U.S. Supreme Court in June lowered the threshold for such certification.

U.S. District Judge Barbara G. Lynn certified the Erica P. John Fund, formerly known as the Archdiocese of Milwaukee Supporting Fund Inc., saying since the Supreme Court ruled the fund didn't need to prove loss causation as a prerequisite to class certification, the case can move ahead.

That had been the only issue preventing her...
To view the full article, register now.