- The U.S. Supreme Court agrees to revisit a 1988 decision that made it much easier for shareholders to sue companies for alleged securities fraud.
- Shareholders claimed Halliburton (HAL) understated its asbestos liabilities while overstating revenues in its engineering and construction business and the benefits of its merger with Dresser Industries.
- The U.S. Chamber of Commerce and the National Association of Manufacturers both asked the court to hear the case.
Supreme Court agrees to hear Halliburton class action challenge
Nov 15 2013, 15:22 ET