Texas Judge Greenlights $100M Halliburton Class Settlement

Law360, Dallas (July 31, 2017, 4:40 PM EDT) -- A $100 million settlement between Halliburton Co. and disgruntled investors that awards one-third of the amount to class counsel is fair and reasonable, a Texas federal judge found Monday.

The long-running class action alleged Halliburton had artificially inflated its stock price by issuing misstatements about its financial liability for asbestos claims. (AP) At a fairness hearing for the proposed deal between Halliburton and a class led by the Erica P. John Fund Inc., U.S. District Judge Barbara M.G. Lynn praised the work of lead class counsel Boies Schiller Flexner LLP and Kahn Swick & Foti LLP, saying that although a fee award of...

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