Corporate
Apr. 27, 2011
High Court Hostile to Securities Suit Limitations
The U.S. Supreme Court appeared likely Monday to strike down a lower court rule that made it more difficult for shareholders to bring class action lawsuits for securities fraud.
Daily Journal Staff Writer
WASHINGTON - The U.S. Supreme Court on Monday appeared likely to strike down a lower-court rule that made it more difficult for shareholders to bring class actions for securities fraud.
Should the court overturn the 5th U.S. Circuit Court of Appeals decision against Halliburton Co. shareholders, it would allow the lawsuit, which alleges the multibillion-dollar behemoth defrauded its investors, to mo...
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