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Halliburton Company
Supreme Court trims, rather than gutting, investor class actions
Supreme Court trims, rather than gutting, investor class actions

Ruling on Halliburton Co.'s appeal in a securities law case, the Supreme Court on Monday made it a bit harder for investors — including just about every American with a 401(k) — to recover the share value they lost when a public company's deceptions were exposed. The blow to investors is likely to be just a glancing one, however. As three of the court's liberal justices put it, the ruling "should impose no heavy toll on securities fraud plaintiffs with tenable claims." And the result could have been much worse, had the court handed Halliburton a complete victory instead of a limited one. Happily, the company found only three takers on the court for its proposal to throw out the 1988...

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