THIS JUST IN
HALLIBURTON OFFERS SIX MILLION DOLLAR SETTLEMENT IN LAWSUIT
Halliburton Co. (HAL) said Friday it has agreed to pay $6 million to settle 20 shareholder lawsuits that accused it of using deceptive accounting practices while Vice President Dick Cheney (search) led the company.
But that is not all.
HALLIBURTON FACES LEGAL INQUIRY IN FRANCE
PARIS, June 2: Halliburton, the US company which has obtained the lion's share of contracts for the re-establishment of petroleum production in Iraq, is at the centre of a French judicial investigation that suspects that the company, and its then chairman, now US Vice-President Richard Cheney, took part in a massive bribery operation over the development in the late 1990s of an LNG field located near Bonny Island, Nigeria. Much pressure is being placed, however, says a judicial source, on the French government to see to it that the French judges quietly put aside the case.
We are MAD as HELL and we're not going to take it anymore.
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