It's surprising that the right wing Supreme Court is allowing legal action against Cheney years at Halliburton. Not that you would know it, but cooking the books is illegal in the US. Bloomberg:
The U.S. Supreme Court made it easier for investors to press securities fraud suits, ruling for shareholders who accuse Halliburton Co. (HAL) of misrepresenting its financial condition while under Dick Cheney’s leadership.
The justices today unanimously said the shareholders can sue as a group without first establishing that they lost money as a result of the alleged fraud.
The shareholders, led by the Erica P. John Fund, contend that Halliburton from 1999 to 2001 falsified earnings reports, played down estimated asbestos liability and overstated the benefits of a merger. Cheney, later the U.S. vice president, served as chairman and chief executive officer of the oilfield services provider during part of the disputed period.
