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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!