Judge: Fracking Company Did Not Violate Federal Securities Laws; Case Dismissed
Mealey's (June 18, 2015, 3:36 PM EDT) -- PHOENIX — A federal judge in Arizona on Nov. 17, 2014, dismissed a shareholder class action against a hydraulic fracturing company on grounds that the class failed to show that the fracking company violated any federal securities laws in its operations and earnings statements (In Re: Nuverra Environmental Solutions Inc. Securities Litigation, No. 13-01800, D. Ariz.; 2014 U.S. Dist. LEXIS 161814).
(Opinion available. Document #94-141209-009Z.)
A group of shareholders of Nuverra Environmental Solutions Inc., an environmental solutions company that serves oil and gas exploration...