Halliburton securities fraud lawsuit reinstated

posted by
June 6, 2011
Posted in News

"Halliburton Co (HAL.N) suffered a legal setback on Monday when the U.S. Supreme Court refused to make it harder for shareholders to proceed with some class-action securities-fraud lawsuits against publicly traded companies. ... The high court reinstated a lawsuit by a group of mutual and pension fund investors who claimed the oilfield services company understated its asbestos liabilities while overstating revenues in its engineering and construction business and the benefits of its merger with Dresser Industries." (06/06/11)



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