Lawyers Seek Up To $41M From Halliburton Asbestos Deal

Law360, New York (February 22, 2017, 7:07 PM EST) -- Boies Schiller Flexner LLP and Kahn Swick & Foti LLC lawyers who reached a $100 million investor settlement with Halliburton over its asbestos liability disclosures told a Texas federal court Tuesday they would seek up to $40.8 million after a decade's litigation and two trips to the U.S. Supreme Court.

The settlement, which energy giant Halliburton Co. had revealed late last year, puts an end to one of the oldest securities fraud class actions still kicking around in U.S. courts, according to a copy of the agreement on the docket. The deal was also significantly better than the $6 million proposal...

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