Judge Barbara Lynn entered final judgment in Erica P. John Fund, Inc. v. Halliburton Co., et al. KSF served as Co-Class Counsel in the federal securities class action against oilfield services company and a high-level officer, in which Class Counsel obtained a unanimous decision by the U.S. Supreme Court, ultimately resulted in a cash settlement of $100 million for investors.
The District Court preliminarily approved $100 million settlement in the Erica P. John Fund, Inc. v. Halliburton Co., et al. litigation.
KSF and its co-counsel, Boies, Schiller & Flexner LLP, were granted class certification today in the landmark Halliburton case that had made two trips to the U.S. Supreme Court.
The U.S. Court of Appeals for the Fifth Circuit issued a unanimous decision affirming the district court’s decision to grant class certification, which was appealed by defendants after a unanimous decision by the U.S. Supreme Court vacating and remanding a decision of the Fifth Circuit regarding class certification.