Federal Court Dismisses Judicial Watch Lawsuit Against Halliburton

[bigtree]

MON Sep 8, 03, 7:08 AM

Halliburton announced today that a federal court in Dallas, Texas, has dismissed a state law fraud and statutory fraud lawsuit filed in July 2002 by the Washington, D.C. based political group Judicial Watch. The case had been filed based upon the allegation that, beginning in 1998, Halliburton's reported revenue on long term fixed price construction projects was materially overstated and misleading. Among other things, the court held that the plaintiffs' complaint did not allege facts which indicate that the revenue reported was wrong or that it was false.

When the original action was filed in July of 2002, the company issued a statement saying that the Judicial Watch claims were "untrue, unsupported and unfounded."

In May, Halliburton announced that it had entered into a memorandum of understanding to settle approximately twenty shareholder class action lawsuits based upon similar allegations while admitting no wrongdoing.

Damn. Bought 'em off!

Judicial Watch: Hated what they did to Bill Clinton. Love what they are trying to do to Bush.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-08-2003/0002012554&EDATE=

[lcordero]

1. This is what happens when Repukes pack the courts with idealogues

[KeepItReal]

2. Can we say "Change of Venue"?

What are the odds that a judge in *Dallas* is gonna give them a fair shake against Cheney/Bush & Co?