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Posted on 07/10/2002 11:04:03 AM PDT by 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."
Jul 18, 2002
Contact: Press Office
202-646-5172
DOES PRESIDENT BUSH ENDORSE HALLIBURTON ACCOUNTING PRACTICES?
President Bushs Comments on Cheney Halliburtion Matter Undermine Efforts Against Corporate Corruption
(Washington, DC) Judicial Watch, the public interest group that investigates and prosecutes government corruption, raised concerns today that President Bushs comments in support of Vice President Cheneys role in the Halliburton controversy could not only undermine government and private efforts to root out corporate corruption, but could be construed as an endorsement of Halliburtons business practices. Judicial Watch, on behalf of Halliburton shareholders, is suing Vice President Cheney and Halliburton over alleged stock fraud. During a press conference yesterday, President Bush said that Vice President Cheney is a fine business leader and that an ongoing Securities and Exchange Commission (SEC) investigation will clear the Vice President of any wrongdoing concerning Halliburton.
The President is effectively saying that Halliburton did everything by the book, while the evidence shows that it has not. And by endorsing his Vice Presidents business behavior, President Bush undermines his own purported concerns about corporate scandal. The effect of the Presidents words is Go after Enron. Go after WorldCom. But stay away from Vice President Cheney. The hypocrisy is apparent, stated Judicial Watch Chairman and General Counsel Larry Klayman.
© Copyright 1997-2002, Judicial Watch, Inc.
No one straightens their hair like that anymore.
It's called a blow dryer, round boar brush, and Redken straightening balm.
Klayman is such a fool.
What EVIDENCE does Larry have?
And, I take it, you do? LOL
I am getting so sick of Larry's STUPID spins at the truth
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