Securities Class Action Certified Against Halliburton Regarding Asbestos Disclosures

Posted on January 30, 2012 by Kirk Hartley

Halliburton now faces a securities class action regarding its alleged failure to adequately disclose its asbestos liabilities and risks. The case was in the news last year when the US Supreme Court overturned the Fifth Circuit and held that it had improperly applied class action rules to reject the class. The issues related to proof of loss causation.  LAW360 (subscription required) reports the trial judge has entered a decision to certify the class - the opinion does not go into much detail due, apparently, to the lengthy prior history. 

Tags:
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.globaltort.com/admin/trackback/269838
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.