Halliburton Reaches $100 Million Deal in Securities Case
- Investors sued over accounting for construction projects
- Class action went to U.S. Supreme Court twice over 14 years
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Halliburton Co. agreed to settle a 14-year-old securities lawsuit for $100 million, resolving investor claims over its accounting for long-term construction projects and its disclosures related to asbestos liability.
The Houston-based company said in a statement Friday that it will pay about $54 million of the settlement and its insurer will cover the balance.