{"id":4066,"date":"2017-01-02T20:52:51","date_gmt":"2017-01-03T02:52:51","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4066"},"modified":"2017-01-02T20:52:51","modified_gmt":"2017-01-03T02:52:51","slug":"halliburton-pay-100m-settle-securities-fraud-class-action-lawsuit-originally-brought-dallas","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/halliburton-pay-100m-settle-securities-fraud-class-action-lawsuit-originally-brought-dallas\/","title":{"rendered":"Halliburton to Pay $100M to Settle Securities Fraud Class Action Lawsuit Originally Brought in Dallas"},"content":{"rendered":"

\t\t\t\tHalliburton Co. (HAL.N) has agreed to settle a securities fraud<\/a> class action case for $100M. The case, brought in Dallas, accuses the oil field services providers of misrepresenting its possible liability in asbestos lawsuits and the benefits it expected from certain construction contracts, as well as a merger from nearly twenty years ago.<\/p>\n

Lead plaintiff Erica P. John Fund Inc. filed the complaint in 2002 after the US Securities and Exchange Commission began investigating Halliburton\u2019s accounting for revenue made from certain construction projects. The securities case accused the company of misleading investors when it purportedly understated its liabilities in the asbestos cases, overstated revenue from construction, and inflated the benefits of the Halliburton-Dresser Industries merger.<\/p>\n

Former US Vice President Dick Cheney, who was chief executive of the company during the period at issue, settled the regulator\u2019s charges against him for $7.5M in 2004. However, the lawsuit against the company has gone on for years.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Halliburton Co. (HAL.N) has agreed to settle a securities fraud class action case for $100M. The case, brought in Dallas, accuses the oil field services providers of misrepresenting its possible liability in asbestos lawsuits and the benefits it expected from certain construction contracts, as well as a merger from nearly twenty years ago. Lead plaintiff […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741,3750],"tags":[2682],"class_list":["post-4066","post","type-post","status-publish","format-standard","hentry","category-securities-fraud","category-texas-securities-fraud","tag-halliburton"],"yoast_head":"\nHalliburton to Pay $100M to Settle Securities Fraud Class Action Lawsuit Originally Brought in Dallas — Investor Lawyers Blog — January 2, 2017<\/title>\n<meta name=\"description\" content=\"Halliburton Co. (HAL.N) has agreed to settle a securities fraud class action case for $100M. 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