Four former Halliburton employees filed a securities class action lawsuit against Halliburton Company on behalf of shareholders claiming that fraudulent accounting practices occurred at the company from 1998 to 2001.
The lawsuit, filed on Tuesday in U.S. District Court in Dallas, claims that Kellogg Brown & Root, Halliburton’s engineering and construction unit, inflated its financial results […]

Some 300 companies that issued initial public stock offerings during the Internet bubble agreed to pay $1 billion to settle a class-action lawsuit brought by thousands of investors who say they were victims of fraud. The New York Times reported that, “the settlement provides a guarantee that investors who bought initial public offerings form 1998 […]

Federal securities-fraud lawsuits rose 31% to 224 filing in 2002 from 2001, according to a report by Stanford Law School and Cornerstone Research, a financial and legal research firm in Boston. The rise in securities-fraud lawsuits is linked to the growing number of companies restating their earnings because of accounting problems.
“Financial restatements are the […]

U.S. District Judge Shira A. Scheindlin cleared the way for lawsuits brought by thousands of investors who allege they were victims of fraud in initial stock offerings during the peak years of the stock market boom. The shareholder suits consolidated in re: Initial Public Offering Securities Litigation, 21 MC 92, target more than 460 high […]

NEW YORK — Shareholders of defunct At Home Corp. Tuesday filed a securities fraud complaint against AT&T Corp., among others seeking damages and statutory compensation from all defendants and punitive damages. According to court documents, AT&T “secretly took and converted” At Home’s proprietary technology for its own use, rendering AT&T’s need for At Home “nil […]