Dec 23 Halliburton Co on Friday said it
had reached a $100 million settlement to resolve a long-running
shareholder 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 that the company itself would pay $54
million of the $100 million settlement, while its insurer would
fund the rest.
(Reporting by Nate Raymond in New York; Editing by Chris Reese)