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]

I am still awaiting Sinkspur's documented proof of this rumor.

[Tolerance Sucks Rocks]

The Nation is a leftist magazine...about as far left as one can get without selling one's soul to Karl Marx or becoming a doctrinaire, freedom-bashing communist, IMO (I've actually seen the phrase "workers of the world" in its material). The New Republic, if I remember correctly, is a moderate-to-liberal (liberal today = socialist yesterday) rag.

[FreedominJesusChrist]

Oh, so that's your "proof"? Seems like you are acting a bit paranoid and assuming way too much.

[Clara Lou]

Two signed on with Larry? Two??? If it could have been more, why wasn't it? You mean TWO people have faith in Larry, and the rest said 'no thanks'? Larry probably used the donation money he gets to pay these two to join the suit.

[FreedominJesusChrist]

Judicial Watch has done nothing wrong and is only being targeted by the IRS because they are critical of government power, period. The powerful protect the powerful, and that has become painfully obvious.

And I do file a tax return, but I have my taxman and my dad do it for me, of course.

[FreedominJesusChrist]

Actually, all Judicial Watch did was send notifications over their internet e-mail system. Two people approached them, not the other way around.

[FreedominJesusChrist]

I stated that there could have been more because there is probably a statute of limitations that they had to meet.

[sinkspur]

Judicial Watch is merely representing the interests of these wronged Halliburton shareholders.

Why doesn't Klayman represent the interests of WorldCom shareholders, a much easier target?

Could it be because WorldCom doesn't have an association with a high-visiblity Republican politician?

There are, after all, more WorldCom shareholders than Halliburton shareholders.

You're such a sap, FIJC.

Young and attractive, no doubt, but a sap, nonetheless.

[terilyn]

Give it a rest.

One of the two parties that Klayman is representing has an unrealized gain on their Halliburton stock purchase. The other has a small unrealized loss.

They both purchased their stock within the past eight months. Cheney resigned from Halliburton over a year before the first one bought their stock.

Larry has zero interest in representing these two small investors. Larry has every interest in collecting more money and grandstanding with all he's got to achieve that goal.

The well will dry up. Unless of course Alec Baldwin intends to make a generous donation.

[FreedominJesusChrist]

"Why doesn't Klayman represent the interests of WorldCom shareholders, a much easier target?"

Have you ever considered that these WorldCom shareholders obtained lawyers before they could be approached by Judicial Watch? Hmmm...

[terilyn]

"How about the people that lost money after the 'eww' filed his frivilous suit?"

Now there's your class action lawsuit. One that would have some legs I'd bet.

[deport]

Have you ever considered that these WorldCom shareholders obtained lawyers before they could be approached by Judicial Watch?

Sounds like they had some smarts. Wanted to be represented by someone that could win, not a perpetual loser......

[FreedominJesusChrist]

"Larry has zero interest in representing these two small investors. Larry has every interest in collecting more money and grandstanding with all he's got to achieve that goal."

Believe me, I believe that Klayman realizes that by filing this Halliburton suit, he runs the risk of losing a significant amount of his donor base.

He chose to file this suit because it is the RIGHT thing to do.

[Amelia]

Judicial Watch is merely representing the interests of these wronged Halliburton shareholders.

Err, those would be the shareholders who bought their stock after Cheney had been elected vice-president?

[Torie]

Sink, Larry's focus is on alleged government corruption, and thus World Com doesn't qualify. Plus why file a lawsuit the costs of which exceed the amount of contributions it generates net of expenses? Is that any way to run a business? One of the beauties of suing Halliburton is that Larry can bootstrap off the simultaneous SEC investigation, and if something juicey pops up, he can move in to take some of the limelight, and if really skillful, the credit. Thus he can keep expenses down, while getting the upside potential. Now that is just good business. Get with the program.

[FreedominJesusChrist]

I believe so, but I am sure that Klayman realizes this.

[Amelia]

Because it has become obvious that the IRS is targeting Judicial Watch FOR POLITICAL REASONS.

I would like some hard evidence for that claim.

P.S. Larry's word is not hard evidence.

[terilyn]

"Actually, all Judicial Watch did was send notifications over their internet e-mail system. Two people approached them, not the other way around."

I repeat...and you know this, how?

[FreedominJesusChrist]

Hmmm...well, get on their e-mailing list.

[Torie]

That's a pretty serious charge. I wouldn't make it myself without hard evidence. I consider abuse of the IRS to be an impeachable offense. I simply don't think Bush is that kind of guy. But then I'm not Larry Klayman.