January 06, 2015
A New York federal judge slashed Kessler Topaz's fee request in an investor class action against Weatherford International Ltd. from $14 million to $10.8 million, saying contract attorneys were billed for at too high a markup.
January 29, 2014
Weatherford International Ltd. and several executives have agreed to pay $52.5 million to settle an investor class action over tax miscalculations by the energy equipment company that overstated earnings by about $500 million, plaintiffs' attorneys told a New York federal judge Wednesday.
November 08, 2012
A New York federal judge on Wednesday threw out much of an investor class action brought against Weatherford International Ltd., several executives and Ernst & Young over tax miscalculations by the energy equipment company that overstated earnings by about $500 million, finding the investors didn't plead their case properly.