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The New DU. Reply #51: TX judge denies motion to dismiss Halliburton suit - securities violations
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UpInArms
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Wed Mar-15-06 11:11 AM
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| 51. TX judge denies motion to dismiss Halliburton suit - securities violations |
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http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-03-15T160046Z_01_N15270532_RTRIDST_0_ENERGY-HALLIBURTON.XMLNEW YORK, March 15 (Reuters) - A federal judge has partially denied motions by energy services company Halliburton Co. (HAL.N: Quote, Profile, Research) to dismiss a shareholder class-action lawsuit against the company over alleged securities law violations.
Judge Barbara Lynn of the federal court in Dallas denied motions to dismiss the portions of the suit, which has its origins in a complaint from the summer of 2002, relating to asbestos claims and the acquisition of Dresser Industries.
Judge Lynn ordered the plaintiffs to file a fourth amended complaint by April 4, with motions to dismiss due by May 9 and oral arguments on such motions set for July 28.
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