Halliburton securities fraud lawsuit reinstated
Published On June 6, 2011 | Government, Police, police state, Protest
(Reuters) – 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 justices unanimously ruled that a U.S. appeals court erred in rejecting class certification in a securities fraud lawsuit filed in 2002 on behalf of all buyers of Halliburton stock between June 1999 and December 2001.
Halliburton’s stock fell immediately after news of the ruling. Shares were down 2.3 percent at $49.10, off $1.18, in midday trading on the New York Stock Exchange.
Halliburton Protest in Houston 2005. The Police, to Protect and Serve.. the corporations.
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