Magistrate Recommends Class In Fracking Securities Case But Limits Focus Period

(February 12, 2024, 9:36 AM EST) -- HOUSTON — A federal magistrate judge on Feb. 9 recommended that class certification be granted in a securities fraud case against a hydraulic fracturing operator but limited the focus period of the litigation because there was no front-end price impact attributable to the alleged misrepresentations and the company had rebutted what is known as the Basic presumption....