Investors: Magistrate Judge Committed ‘Clear Error’ In Fracking Securities Ruling

(February 28, 2024, 2:21 PM EST) -- HOUSTON — Investors have filed a brief in Texas federal court objecting to a memorandum issued by a federal magistrate judge who recommended that class certification of a securities fraud case should be limited.  The investors argue that the magistrate judge committed “clear error” when he found that the hydraulic fracturing company that is the defendant in the case rebutted what is known as the Basic presumption....

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