Court to Decide If Halliburton Can Block Shareholder Lawsuit

Halliburton is asking the courts to decide on its appeal against allowing shareholders to file lawsuits against companies for inflating share prices fraudulently. The Supreme Court has now agreed to hear Halliburton’s case. The company is attempting to block off legal action from shareholders, who purchased stock in Halliburton between June 1999 and December 2001. According to the shareholder lawsuit, Halliburton deliberately engaged in fraudulent practices in order to inflate as share prices. The company's liability in asbestos litigation, for instance,…

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