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."

[FreedominJesusChrist]

"No but Larry will get his pin head handed because of his lack of knowledge in the field."

And you have absolutely no clue if you honestly believe that lawyers do not get outside expert help when they file important cases such as this.

[Torie]

Sorry I hit a sensitive nerve. I will pursue it in due course. I think it needs more exposure, now that Klayman is such a big cheese. We all need to know more about him.

[FreedominJesusChrist]

"Yes I do have that expertise."

And what is your "expertise" called? Delusions of adequacy?

[Howlin]

Torie, glad you're here, I need some help with this information.

To: PhiKapMom; Miss Marple

I just read the 40+ page complaint which is on JW's website. There are two sets of Plaintiffs -- Stephen F. Stephens from Indiana and Lyle and Deanna Lionbarger from New Mexico. You have to get to paragraphs 102, 105 before they even mention what the Plaintiffs' claims are.

Stephens bought 500 shares of Halliburton stock on November 15, 2002 [??? is Miss Cleo his broker?] for $21.11 a share for a total cost of $10,685. The Lionbargers bought 100 shares for $12.22 on January 24, 2002 for a total costs of $1,222. [Halliburton stock is currently trading for about $14.00 a share.] They are each seeking $200,000 in puniive damages. They claim that Texas law applies.

They don't claim that they sold the stock for a lose, and of course the Lionbargers have a gain. I don't know how you can sue for your loses when you have a gain. Be interesting to see if they bought through a broker and if so what he has to say about this "fraud."

63 posted on 7/10/02 1:53 PM Eastern by Iwo Jima

Now, Cheney left Halliburton in July of 2000; how could he possibly be sued for this? What am I missing?

[Howlin]

You need to take that vacation you're always talking about needing.

[Texasforever]

<And you have absolutely no clue if you honestly believe that lawyers do not get outside expert help when they file important cases such as this.

Had he done that the "suit" would have not been filed in the first place. Larry is going to be yesterday's news when the Halliburton legal team gets through with his sorry ass. He has just reached his point of no return.

[Fred Mertz]

I wouldn't count on it.

[timestax]

When I was scanning the wires, I noticed something interesting. When Judicial Watch went after the Clinton, they were called a "right-wing group". Now that JW is going after Cheney, they are now listed as a "public interest group". Sometimes, the media can't help but show its bias. 12 posted on 7/10/02 11:23 AM Pacific by toupsie

Interesting!!

[Howlin]

I believe what any SANE person would believe from a cursory review of the available information.

You sure are getting snippy; things don't look too good for Klayman and you've staked your credibility on the fact that you are POSITIVE he'd never file a suit that was factual.

He's done it now.

[FreedominJesusChrist]

"Had he done that the "suit" would have not been filed in the first place. Larry is going to be yesterday's news when the Halliburton legal team gets through with his sorry ass. He has just reached his point of no return."

Yeah, just like how you have those Halliburton accounting books right on your nightstand, pages worn out from you pouring through the complicated financial transactions and figures. What? I suppose next you will be called in as an expert witness defending Halliburton in court. Good luck and brush up on your math skills.

[Howlin]

was s/b wasn't

[Howlin]

Look at 264, please. Can you help me out?

[Texasforever]

I wouldn't count on it.

Hell Fred, you can't count anyway. This is just a case of an ant running up an elephant's leg with rape on its mind. JW just met its waterloo. With the publicity this stunt is causing the Halliburton legal team has no recourse but to step on this little bug.

[Fred Mertz]

...things don't look too good for Klayman...

What are you insinuating? I saw Larry Klayman on the national news (ABC) this evening, first time since I don't know when.

Are they going to Arkancide LK? What are you saying? Please be specific.

[FreedominJesusChrist]

"This is just a case of an ant running up an elephant's leg with rape on its mind."

Well, aren't you just a regular Molly Ivins?

[Torie]

Without reading the complaint, I suspect it is an opportunity cost theory. If only the Haliburton books hadn't been cooked by Cheney, they would have made even more money, and they need to be made whole for their lost profits. The evidentiary hurdle for proving this is rather complex, but what you get is an expert econimist/accountant whore (and it is amazing what money can buy), and assuming you can get past the judge as to admissibility, the jury will tend to go against whom they perceive as the bad guy on things they have no hope of really understanding. It is also important who is on the jury panel, and the venue. The Bronx would be best for Larry, but DC is not wholly without merit. Houston in general would be bad.

[Fred Mertz]

With the publicity this stunt is causing the Halliburton legal team has no recourse but to step on this little bug.

Are they going to kill him? Is that what you're saying?

[FreedominJesusChrist]

I am eagerly awaiting the next pithy Ivins-like analogy.

[Howlin]

What are you insinuating? I saw Larry Klayman on the national news (ABC) this evening, first time since I don't know when.

Are you too dumb to realize what that means, Fred?

[Texasforever]

Larry has just made the same mistake Osama did. He has been too successful in gaining the media attention and now he has left Halliburton no alternative but to destroy this idiot. Every point lost from Halliburton stock after this frivolous lawsuit is a direct damage done to Halliburton from this clueless clown. He will end up fleeing the country when they are done with him. Larry like Osama has wakened a sleeping giant and now he has nowhere to hide.