Wednesday, June 8, 2011

SCOTUS Makes Securities Fraud Suits Easier

Halliburton Loses As Supreme Court Backs Securities Suits

The U.S. Supreme Court made it easier for investors to press securities fraud suits, ruling for shareholders who accuse Halliburton Co. of misrepresenting its financial condition while under Dick Cheney’s leadership.

The justices today unanimously said the shareholders can sue as a group without first establishing that they lost money as a result of the alleged fraud.

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