Final Approval Of $100M Halliburton Securities Class Action Settlement Granted

Mealey's (April 26, 2018, 2:17 PM EDT) -- DALLAS — A federal judge in Texas on April 25 granted final approval of a $100 million settlement in a long-running securities class action lawsuit between investors and Halliburton Co. and its CEO, who were alleged to have issued certain misrepresentations regarding the company’s asbestos litigation liability, its financial condition and the benefits of a merger deal in violation of federal securities laws (The Erica P. John Fund Inc. v. Halliburton Co., et al., No. 02-1152, N.D. Texas, 2018 U.S. Dist. LEXIS 69143)....