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Securities fraud ruling for Halliburton set aside

June 06, 2011 Reprints

P/C Legislation & Regulation More + Less -

WASHINGTON (Reuters)—The U.S. Supreme Court on Monday refused to make it harder for shareholders to proceed with some class action securities-fraud lawsuits against publicly traded companies, handing Halliburton Co. a defeat.

The justices unanimously set aside a U.S. appeals court ruling that denied class certification in a securities fraud lawsuit filed in 2002 on behalf of all buyers of Halliburton stock between June 1999 and December 2001.

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Securities fraud ruling for Halliburton set aside

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