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.

IDF announces military exercise to take place in Eilat area on Monday

By JERUSALEM POST STAFF

11/24/2024 10:41 PM

Iran Embassy in UAE rejects Iran's involvement in Rabbi's murder

By JERUSALEM POST STAFF

11/24/2024 10:07 PM

Communications Minister Karhi: High Court should be abolished

By JERUSALEM POST STAFF

11/24/2024 09:36 PM

Body of Israeli murdered in UAE to be repatriated to Israel Monday

By REUTERS

11/24/2024 09:11 PM