Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
U.S. Interior Secretary Ryan Zinke gestures after a woman interrupted his speech by shouting questions in the auditorium at Mount Rushmore National Memorial in Keystone, S.D. during the Western Governors Association annual meeting Tuesday, June 26, 2018. less U.S. Interior Secretary Ryan Zinke gestures after a woman interrupted his speech by shouting questions in the auditorium at Mount Rushmore National Memorial in Keystone, S.D. during the Western Governors ... more HELENA, Mont.
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 U.S. 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.