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Freedman v. Weatherford International Ltd. et al

  1. July 01, 2015

    Oilfield Services Co. To Pay $120M To End Investor Fraud Row

    Oilfield services company Weatherford International Ltd. will pay $120 million to settle a securities class action alleging it misled investors about its financial condition leading up to a 2012 disclosure that it had overstated earnings and done the arithmetic wrong on its taxes, according to a proposed deal revealed Wednesday.

  2. June 23, 2015

    Weatherford Will Settle Investor Fraud Class Action

    Oilfield services and products company Weatherford International Ltd. has agreed to settle a securities class action alleging it misled investors about its financial condition prior to disclosing in 2011 that weaknesses in its financial reporting controls led to tax miscalculations and overstated earnings.

  3. September 15, 2014

    Weatherford Investors Again Denied Internal Tax Audit Docs

    A New York federal judge on Friday denied a second motion by Weatherford International Ltd. shareholders to force the company to search for more internal tax investigation documents because the search would be unlikely to result in a more robust record.

  4. August 11, 2014

    Weatherford Investors Ask Again For Internal Tax Audit Docs

    A putative class of Weatherford International Ltd. shareholders asked a New York federal judge Friday to revisit his denial of their bid for the company to cough up additional internal tax investigation documents, in a dispute over it allegedly misleading investors about its finances.

  5. July 28, 2014

    Latham Docs Off The Table In Weatherford Tax Spat

    A New York district court denied a motion by investors to force Weatherford International Ltd. and its auditors to produce documents related to its tax audit investigations, finding that they didn't point to any particular communications that could reasonably be said to be in furtherance of any fraud.