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)....

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