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...
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Case Information

Case Title

Erica P John Fund Inc et al v. Halliburton Company et al


Case Number

3:02-cv-01152

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

Barbara M.G. Lynn

Date Filed

June 3, 2002

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