Oct 25, 2003

HALLIBURTON FOUND LIABLE FOR 70MILLION IN DAMAGES
Oil giant loses in court again - Houston man cheated by Halliburton
Jury Awards $70M Against Halliburton A jury has awarded $70 million to a Houston man who claimed that Halliburton and another oil company cheated him out of the chance to develop an oil field in Kazakhstan in the late 1990s. Scott Van Dyke and his company, Anglo Dutch Tenge, sued the Halliburton and Ramco Oil in 2000. A jury found in favor of Van Dyke's company on Friday.

Van Dyke's attorney John O'Quinn said his client was promised a concession for an oil field near the Caspian Sea when he met the Turkish president. Halliburton contacted him in 1997 and signed a confidentiality agreement not to disclose data that Van Dyke allowed the company to review, O'Quinn said. After opting not to invest, Halliburton located another company with ties to the Kazakhstan government and bought the field out from under Van Dyke, according to the lawsuit.
Yet another chink in the battered armor of Halliburton. Can't these guys do anything without cheating?
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