BREAKING NEWS

Halliburton shareholder class action to settle for $100 million

By REUTERS

DECEMBER 24, 2016 07:10

Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the US Supreme Court.

The deal resolves a lawsuit in federal court in Dallas accusing Halliburton of misrepresenting its potential liability in asbestos litigation, its expected revenue from certain construction contracts and the benefits of a merger in 1998.

Halliburton said the company itself would pay $54 million of the $100 million settlement, while its insurer would fund the rest. The deal, which would be subject to court approval, has no admission of liability, Halliburton said.

Iranian rapper who took part in Mahsa Amini protests sentenced to death

By JERUSALEM POST STAFF

04/24/2024 06:48 PM

Two rockets fired toward Sderot, house hit by shrapnel

By JERUSALEM POST STAFF

04/24/2024 06:42 PM

Protest groups announce demonstration in response to Hamas hostage video

By JERUSALEM POST STAFF

04/24/2024 06:23 PM

Biden approves aid to Israel

By JERUSALEM POST STAFF

04/24/2024 06:15 PM