Halliburton securities fraud lawsuit reinstated

Published On June 6, 2011 | By Matt Gratz | 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.

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Halliburton Protest in Houston 2005. The Police, to Protect and Serve.. the corporations.

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Matt Gratz
Matt Gratz founded Political Fail Blog in December of 2010. As a human rights activist, Matt has spent years in the bay area fighting for social justice in the streets. Follow PFB to keep up to date with his photos, videos & blogs! Follow me on twitter!

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