Halliburton Co. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that two shareholder derivative lawsuits in Texas are ongoing.
In May 2009, two shareholder derivative lawsuits involving the company and KBR were…
Halliburton Company says that, in February 2009, the Foreign Corrupt Practices Act investigations by the U.S. Department of Justice and the U.S. Securities and Exchange Commission were resolved.
The DOJ and SEC investigations resulted from allegations of improper payments to government…
Halliburton Company says a bidding practices investigation into payments relating to the Bonny Island project in Nigeria is ongoing.
Information was uncovered suggesting that, possibly beginning as early as the mid-1980s, former Kellogg Brown & Root, Inc. employees may have engaged…
Halliburton Company’s KBR, Inc. subsidiary is still facing Petrobras’ arbitration, which was commenced in March 2006, related to the Barracuda-Caratinga project.
The Company provided indemnification in favor of KBR under the master separation agreement for all out-of-pocket cash costs and expenses…
The Department of Justice, in September 2008, informed Halliburton Company and KBR Inc. that A. Jack Stanley admitted to bid-rigging, claimed that others knew about it, and stated that the DOJ feels it has a viable wire fraud case based…
Halliburton Company’s KBR subsidiary continues to face Petrobras’ arbitration, which was commenced in March 2006, related to the Barracuda-Caratinga project.
The suit is claiming US$220 million plus interest for the cost of monitoring and replacing the defective bolts and all related…
Halliburton Company reports that in September 2008, A. Jack Stanley, who formerly served as a consultant and chairman of Kellogg Brown & Root LLC, pleaded guilty to conspiring to violate the U.S. Foreign Corrupt Practices Act (FCPA) in connection with…
Halliburton Company reports that the Securities and Exchange Commission’s and the Department of Justice’s reviews regarding the U.S. Foreign Corrupt Practices Act are ongoing.
The SEC is conducting a formal investigation into whether improper payments were made to government officials in…