The Erica P. John Fund and other similarly situated plaintiffs have traveled a long and winding road—including two treks to the U.S. Supreme Court—in their quest to be compensated for what they allege are fraudulent actions by Houston-based Halliburton Company that caused the company’s stock price to nosedive and negatively impact shareholders.
Recently, Judge Barbara M.G. Lynn, who presides over the U.S. District Court for the Northern District of Texas, Dallas Division, partially granted the plaintiffs’ motion for class certification in The Erica P. John Fund v. Halliburton. Specifically, Lynn granted the motion for certification only with respect to an alleged corrective disclosure dated Dec. 7, 2001, while rejecting five other corrective disclosures on which the plaintiffs’ relied.
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