Halliburton Responds to Larry Klayman's Supersillyous Suit(My Title)

CBS Market Watch "Big Charts" Web Site ^ | 7/10/2002 | MarketWatch.com

[SierraWasp]

12:57PM Halliburton responds to Judicial Watch lawsuit (HAL) by Michael Baron Halliburton (HAL) is off 30 cents, or 2.1 percent, to $13.82, in midday action. The company is out with a press release responding to a lawsuit filed by Judicial Watch, a Washington, D.C.-based legal watchdog group. The suit alleges fraudulent accounting practices at Halliburton took place during the period when current vice president Dick Cheney served as its chairman and CEO. Halliburton called the claims in the suit, "untrue, unsupported, and unfounded." The company continued: "We are working diligently with the SEC to resolve its questions regarding the company's accounting procedures. Halliburton has always followed and will continue to follow guidelines established by the SEC and GAAP, General Accepted Accounting Principles."

[Texasforever]

I am going to be real patient with you and lay some things out that neither you OR Klayman bothered to research before this silly lawsuit. he Halliburton-Dresser merger consummated in September of 1998. It was the single largest merger in the oils services sector in history. Halliburton also assumed all the liabilities of outstanding debts and legal actions that Dresser had incurred. When a merger such as this happens the buyer, HAL, lost some of its stock value while those with shares in Dresser saw significant gain. Now at the time of the merger oil has between 10-15 bucks a barrel and so a large sector of Halliburton's business was flat and so was their stock prices. Then oil prices began to rise and along with that rise Halliburton stock began to increase in value. When oil reached 39 bucks a barrel, about the time Cheney was forced to sell his shares because of the election, Halliburton stock was at almost 40 dollars a share.

Then oil prices started to fluctuate wildly and so did all oil related stocks. On top of that, there were several outstanding lawsuits against Dresser involving asbestos exposure. The potential damages could have reached in excess of a billion dollars and the stock took another drastic hit. The stock fluctuations can and will be shown due to business conditions and the costs related to the merger. Each and every one of these issues was widely publicized and all shareholders were well informed as to the liabilities associated with the merger and the shareholders voted to proceed. All you need to do, and Larry should have done it himself, was to track the stock prices with the business cycle, he may have saved himself from the humiliation he is about to suffer.

[RedBloodedAmerican]

Ask her mom?

[FreedominJesusChrist]

I was never aware that the High Crimes and Misdemeanors in question had to occur while the politician accused was in a particular public office.

[RedBloodedAmerican]

AGGHHH! Busted again!

[Howlin]

That is what Klayman said; if you think it's silly, tell him yourself.

[Fred Mertz]

I won't waste my time over silly questions.

Good for you! Now you're learning.

[Howlin]

I was never aware that the High Crimes and Misdemeanors in question had to occur while the politician accused was in a particular public office.

Like you didn't know civil lawyers can't file criminal charges back up the thread?

You need some remdial work.

[FreedominJesusChrist]

"Right now, there is little or no evidence that Klayman is right, and there is some evidence that Cheney is innocent of Klayman's charges."

Gee, usually lawyers to not lay their case out publically before the initial hearing or trial occurs. <pDo you know of any lawyers that do?

[Howlin]

Take a look at 1123; you wasted your font.

[FreedominJesusChrist]

I never stated that in particular. My main point was that civil suits can have some criminal elements involved.

[Quicksilver]

I won't waste my time over silly questions.

If you are at all familiar with the Constitution, you would know that it's not a silly question.

He [George W. Bush] is, thank God -- and will be for the next six and a half years -- my President. [credited to Brian Allen]

[Howlin]

Gee, usually lawyers to not lay their case out publically before the initial hearing or trial occurs.

Only one: Larry Klayman.

[Howlin]

Stop digging.

[deport]

I was never aware that the High Crimes and Misdemeanors

What High Crimes and Misdemeanors?.... you mean the ones that you and your buds at the watch are speculating on? Nothing has been even investigated and certainly no criminal events have been brought forth. Care to list the High Crimes and Misdemeanors? Call your buds and get them to give you the list..... and while you are at it ask them to give you the next major annoucement they have planned....

[Texasforever]

I knew that. LOL

[RedBloodedAmerican]

Hey, if you noticed. I did not have to ping people over to defend me and I didn't ask to have your thong comments removed either

Sound familiar, Becky?

Certified.

[FreedominJesusChrist]

Do me a favor and scroll up to post #1115.

[Torie]

Larry will probably be getting some paper work soon, maybe even before an Answer is filed.

[Registered]

If Halliburton is damaged financially, so will innocent stockholders be damaged

Actually, smart investors like yourself should invest heavily in Halliburton knowing that you will reap the windfall as the stock rises again after the lawsuit is dismissed. Put your money where your mouth is.

[deport]

Whassssssa matter.... your buds not talking to you now? Do you talk to your buds at the watch? simple question.