November 4, 2015 - The court approved the settlement and entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.
November 3, 2015 - The court held a final settlement hearing.

June 23, 2015 - The court granted the agreement.

June 4, 2015 - Parties reached an agreement in principle to settle the claims against all defendants.

September 20, 2013 - The court denied the defendants' motion to dismiss.

October 29, 2012 - The defendants filed a motion to dismiss.

September 14, 2012 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased Weatherford International Ltd common shares between March 2, 2011 and July 24, 2012. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between March 2, 2011 and July 24, 2012.

July 10, 2012 - The lead plaintiffs and lead counsel were appointed and all cases were consolidated.

May 22, 2012 - Lead plaintiffs motions were filed.

March 22, 2012 - An investor in shares of Weatherford International Ltd (NYSE: WFT) filed a lawsuit in the U.S. District Court for the Southern District of New York against Weatherford International Ltd over alleged Violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between March 2, 2011 and February 21, 2012.

According to the complaint the plaintiff alleges on behalf of all persons who purchased Weatherford International Ltd (NYSE: WFT) common stock between March 2, 2011 and February 21, 2012, that Weatherford International Ltd and certain of its officers and directors violated the Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Weatherford International Ltd reported that is annual Revenue rose from $8.83 billion in 2009 to $12.99 billion in 2011 and that its Net Income of $124 million in 2009, respectively its Net loss of $152 million for 2010, increased in 2011 to a Net Income of $262 million.

Specifically the plaintiff claims that defendants allegedly knew or recklessly failed to inform investors that Weatherford International Ltd did not properly restate its financial statements from 2007 to 2010, that Weatherford International Ltd hastily issued its 2010 Form 10-K to give the market the impression that it remedied its material weakness in internal controls over financial reporting of income taxes from 2007 to 2010; and that Weatherford International Ltd failed to properly document an additional $225 million in adjustments for financial statements from 2007 to 2010.

On February 21, 2012, Weatherford International Ltd disclosed that it was going to adjust approximately $225 million to $250 million to previously reported financial results for the years 2010 and prior in relation to the correction of errors identified with respect to Weatherford International Ltd's accounting for income taxes.

Shares of Weatherford International Ltd (NYSE: WFT) rose from as low as $8.98 in December 2008 to over $25 in early 2011, but fell in the second half of 2011 to as low as $12.21.

On March 23, 2012 Weatherford International Ltd (NYSE: WFT) shares closed at $16.63 per share.