Oilfield Services Company - Asbestos-Related Claims
Oilfield services company in alleged misrepresentations concerning the company's liability for asbestos-related claims, whether the company properly accounted for its asbestos liability under FAS 5, and the company’s accounting for fixed-price construction contracts. This is the first case in which defendants have succeeded in limiting class certification in a securities fraud suit by demonstrating the absence of price impact.
