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Flame war. |
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."
If it is an offensive term for a good reason, I will stop using it.
Fact: Cheney had not been a part of Halliburton for a year when these people bought their stock.
Fact: One shareholder gained money, one lost a small amount.
Fact: The accounting changes were disclosed in the annual report. Shareholders should exercise due diligence.
CLUE: Cheney was included in the lawsuit because he's vice-president and Klayman wanted the publicity. For no other logical reason.
Your effort to legitimize the IRS' gestapo tactics is quite depressing to me. I know it's so cliche', but that is so Orwellian, or worse yet, Fahrenheight 451ish.
Perhaps. The better question is are those standards and practices fraudulent?
Or you just blowing?
I'm not Monica.
But we do not know how much of these fraudulent practices were already in place when Cheney was part of the company, even if they had "changed" their accounting practices.
Any broker that ever claimed anything close to that should be fired, yesterday.
It is against NASD rules/regulations to make any claim such as that. Including a comment such as "I know", or "I guarantee", or "You can't lose".
Even the e-mail is monitored. If a word such as that is flagged a hard copy shows up in your mailbox the next day with a meeting scheduled to "discuss" the situation with Compliance.
The NASD does not mess around!
If I had to bet, my money would be that online trading not only helped create the tech bubble, but the tech wreck. It was just too easy to make money. Internet trading should be reserved for investors sophisticated enough to do their homework.
That said, I know all brokers aren't ethical. It's sad. But the claim here is that Halliburton did something wrong, unlike some of the others where brokerage firms have been charged with hyping the stock for profit.
Heck, we're the bad guys almost as often as lawyers! ;)
That commercial was made in 1996.
Keep digging.
So Cheney was in bed with a corrupt and fraudulent accounting firm since 1996? I wonder if he made any money out of the association?
Yeah, like being prosecuted and declared guilty for trading with Libya, which is a terrorist state. Real admirable...
Can't you see how utterly disgusting that statement is? You are actually admitting that there is absolutely no proof that Dick Cheney did anything wrong, while supporting Larry suing him.
Yeah and so was 99% of the country's corporations PLUS the United States Government. What the hell is your point?
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