Halliburton Investors Win Class Cert. Post-High Court Appeal
Law360, New York (July 27, 2015, 1:05 PM EDT) -- A Texas federal court on Monday granted class certification in part to investors suing Halliburton Co. in the landmark case that had made two trips to the U.S. Supreme Court.
The long-running class action is over claims that Halliburton artificially inflated its stock price by issuing misstatements about its financial liability for asbestos claims. (Credit: AP) In a memorandum opinion and order, U.S. District Judge Barbara M. Lynn granted the Erica P. John Fund Inc. its motion for class certification, but only with respect to the company’s alleged corrective disclosure of Dec. 7, 2001. She denied the plaintiffs’ motion for class...
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