[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?

[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.

[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.

[woofie]

I inherited stock from my mother and my father....They told me to buy and hold (as they had)....Both of them died before the estate tax went down....I followed their advice and held the stock ....I am now down a whole lot....If I follow Larry Klayman's methodogy can I sue my parents?

[Lady In Blue]

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

I've been thinking about when Cheney left Halliburton the entire day! I was thinking about asking somebody if they remember when he left. He left,officially,in July of 2000 but wasn't he helping GWB vet potential VP candidates sometime before that? I ask this because,if true then he would have spent very little time in his office prior to July.I read something on FR last night that said that Halliburton had changed their accounting practices in 1998 or 9? Need confirmation on that.One last thing,I find it hard to believe that Cheney or any CEO would have any expertise or spend much time in their accounting dept!