Halliburton Court To Rule On Settlement

The 10b-5 Daily has been actively following the unusual dispute among the lead plaintiffs in the Halliburton securities class action over a proposed $6 million settlement. According to an Associated Press story today, the new judge presiding over the case will decide whether to approve the settlement next week.

Quote of note: “[Judge Barbara Lynn of the N.D. of Tex.] pointed out that the $6 million settlement, cut in half by attorney and administrative fees, would result in low payouts to thousands of plaintiffs in the class-action lawsuit. She said they wouldn’t lose much if she rejected the settlement, allowed the case to move forward and it eventually failed.”

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