Halliburton to settle investor class-action lawsuit for $100 million

Halliburton Co.
said late Friday it settled a 14-year-old class action lawsuit that had gone to the U.S. Supreme Court. Halliburton said it will contribute $54 million to a $100 million settlement fund in its lawsuit with the Erica P. John Fund, with the company’s insurer contributing the rest. The legal fight was considered a test of the right of investors to file a class-action lawsuit based on public misrepresentations. Shares of Halliburton declined 0.1% to $54.77 after hours.

View more information: https://www.marketwatch.com/story/halliburton-to-settle-investor-class-action-lawsuit-for-100-million-2016-12-23

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