Search Results for: halliburton

Court Appoints Trustee For Halliburton Plaintiffs

The Halliburton settlement just got even messier. Not only has the N.D. of Tex. rejected the proposed $6 million settlement, but the court now has appointed a trustee to protect the interests of the preliminary class members. The Houston Chronicle … Continue reading

Leave a comment

Filed under All The News That's Fit To Blog

Halliburton Settlement Rejected

After a year-long battle among the lead plaintiffs in the Halliburton securities class action (and the recusal of the original judge), the N.D. of Tex. has rejected a proposed $6 million settlement in the case. The court found that it … Continue reading

Leave a comment

Filed under Settlement

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 … Continue reading

Leave a comment

Filed under All The News That's Fit To Blog

Halliburton Settlement Dispute

As reported in The 10b-5 Daily last year, there is a dispute among the lead plaintiffs in the Halliburton securities class action over a proposed $6 million settlement. Scott + Scott (which represents one of the four lead plaintiffs) refused … Continue reading

Leave a comment

Filed under Settlement

Halliburton Updates

For those readers following the Halliburton securities class action, two quick updates: 1) As noted previously on The 10b-5 Daily, counsel for one of the lead plantiffs, Scott + Scott, has refused to sign onto the proposed $6 million settlement … Continue reading

Leave a comment

Filed under Settlement

Halliburton Settlement On Hold

The Financial Times has a story on the dispute between the lead plaintiffs in the Halliburton securities class action. As previously noted in The 10b-5 Daily, Halliburton Company announced at the end of May that it had agreed to a … Continue reading

Leave a comment

Filed under Settlement

Halliburton Settlement

Halliburton Company (NYSE: HAL), a Houston-based energy services company formerly run by Vice President Cheney, announced this morning that it has reached a memorandum of understanding to settle the pending securities class action and derivative suits against the company. The … Continue reading

Leave a comment

Filed under Settlement

Two Bites At The Apple

In Halliburton II, the U.S. Supreme Court held that defendants can rebut the fraud-on-the-market presumption of reliance at the class certification stage with evidence of a lack of stock price impact.  There are at least two different points, however, when stock price impact might … Continue reading

Leave a comment

Filed under Uncategorized

Shaky Ground

In Halliburton II, the U.S. Supreme Court held that defendants can rebut the fraud-on-the-market presumption of reliance at the class certification stage with evidence of a lack of stock price impact.  In a typical case, where the plaintiff alleges that a … Continue reading

Leave a comment

Filed under Appellate Monitor

Risky Business

In the BP securities class action related to the 2010 Deepwater Horizon spill, the plaintiffs put forward two theories in an attempt to satisfy the class certification requirement that damages be susceptible to measurement across the entire class. First, the … Continue reading

Leave a comment

Filed under Uncategorized