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Halliburton Responds to Larry Klayman's Supersillyous Suit(My Title)
CBS Market Watch "Big Charts" Web Site ^ | 7/10/2002 | MarketWatch.com

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."


TOPICS: Breaking News
KEYWORDS: vpdickcheney
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To: Texasforever
Well you can't read a bunch of paperwork and be before a camera at the same time unless you are LBJ, who seemed to be able to do both. I'm not sure Klayman understands the import of the difference, and thus he was not sensitive to the issue. His main point is that he wants this all to be sucked dry, and maybe get some positive action for himself in the process. And yes, he might get lucky. Maybe the SEC in hindsight will find the accounting eggegious (particularly with the pressure on), and that the CEO is a responsible party (civilly I might add, not criminally). Is it unfair? Sure. Is life always fair? Er, no.
2,561 posted on 07/15/2002 8:59:19 PM PDT by Torie
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To: Amelia
Beckie doesn't mess with me too much. I am not sure she knows what to do with me.
2,562 posted on 07/15/2002 9:00:59 PM PDT by Torie
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To: terilyn
It's time for me to retire for the evening. Let's see what tomorrow brings.
2,563 posted on 07/15/2002 9:01:14 PM PDT by Fred Mertz
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To: Iwo Jima
Did you know that Judicial Watch gave Ross Perot their Patriot Award?
2,564 posted on 07/15/2002 9:01:29 PM PDT by Howlin
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To: terilyn

2,565 posted on 07/15/2002 9:01:48 PM PDT by Amelia
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To: Amelia

Do you have High Hopes... High Hopes..... LOL ...

By the way it must really be sad to not be able to talk to your mother on Mother's day all because of a few thousand dollars.

 
Because no one is above the law
Even the 'eWW'  .. Let the Audits begin

2,566 posted on 07/15/2002 9:02:54 PM PDT by deport
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To: Howlin
Aww heck, I missed beckie tonight. Now I'd certainly be interested in the JW donor list, but as time goes on, I'd also be interested in seeing exactly who's on the ole payroll of DA WATCH. You know, that part of Larry's expenses that go to "educational issues".......
2,567 posted on 07/15/2002 9:02:58 PM PDT by A Citizen Reporter
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To: deport
Here are some interesting quotes from The Washington Post article:

*In an interview on Friday, Klayman expressed no regrets, lashed out critics on the left and the right and portrayed himself as a populist everyman-and the only person brave enough to stand up against the nation's most powerful corporate and political forces.

*Klayman compared himself to John Adams, who wrote to Thomas Jefferson that "without virtue, there can be no political liberty." And that was just the first of the historical comparisons he offered. He also invoked the names of Harry Truman and Ronald Reagan, true heroes of the little guy, he said. "The support of the Republican party is a mile wide and a millimeter deep. And a lot of people could maintain that the Bush administration isn't even very conservative. So everything gets blurred and the way you keep it from getting blurred is to do what's right, to do what's ethical, to do what's just and to do it on behalf of the American people. So those people who don't like it aren't really conservative at all. They're just simply Republican party hacks."

*In fact, Judicial Watch has grown into quite the substantial operation, with about 50 employees. It took in $27 million in donations in 2000. But that number dropped to $17 million last year, a Judicial Watch spokesman said. Call one of the numbers provided by Judicial Watch's Web site, and a chipper voice greets you with a request for a donation before you can say "Hello." While Klayman's $250,000 salary is not big-city law partner territory, it's still one that 97 percent of the American public would love to have.

2,568 posted on 07/15/2002 9:10:23 PM PDT by Howlin
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To: A Citizen Reporter
She seems to be going to bed earlier and earlier lately. Go figure.
2,569 posted on 07/15/2002 9:11:00 PM PDT by Howlin
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To: FreedominJesusChrist
Remember this?

Made a little visit to the JW site this evening. I still found this tidbit:

A CNN poll, featured on the Internet web site of Lou Dobbs, the anchor and managing editor of “Lou Dobb’s Moneyline” – the prestigious and authoritative financial and business news program – revealed that 95% of the respondents answered “Yes” to the question, “Should Vice President Dick Cheney answer questions about accounting at Halliburton?” A similar poll on the Judicial Watch web site (www.JudicialWatch.org) shows 83% of respondents answering “Yes” to the question, “Should Vice president Cheney be required to answer accounting questions about Halliburton?” Interestingly, both the “Moneyline” and Judicial Watch web sites are likely frequented by large numbers of economic and social conservatives. This proves that conservatives are as concerned as liberals about Cheney’s alleged involvement in stock fraud.
And the actual poll results (it's closed now, no more voting):

Judicial Watch Poll Center



Results
Should Vice President Dick Cheney be required to answer accounting questions about Halliburton? (3880 votes)

Yes
1645 (42%)

No
2234 (57%)

It's been documented by the EWW himself. He's a liar. He even put out his own press release confirming this fact.


2,570 posted on 07/15/2002 9:12:01 PM PDT by terilyn
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To: Howlin
Of course I do. I spoke to Verney about it at the time.

There's a LOT that I know.
2,571 posted on 07/15/2002 9:14:01 PM PDT by Iwo Jima
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To: terilyn
Dobbs' mortal sin was to give any credence at all to an internet poll. Naughty, naughty. Of course, Cheney should answer questions, and he will. It will be to the SEC though, not to Klayman, unless Klayman gets lucky.
2,572 posted on 07/15/2002 9:15:20 PM PDT by Torie
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To: deport; Mo1; terilyn
Well, why can't we find out who his donors are? Apprarenlty HE SELLS them!

The Hill

  Tuesday July 16, 2002
  
TODAY'S
FRONT PAGE
ARCHIVES:
APRIL 11, 2001

TABLE OF CONTENTS

CAMPAIGN 2002
FEATURES

 

Senate Minute
Capitol Ambitions
Staffer Spotlight

OPINION

 

Editorial
Punditspeak
Letters to Editor
Op-Ed

COLUMNISTS

 
Dick Morris:
John Breaux takes command
Albert Eisele
Bruce Freed

David Keene
John Kornacki
HILLSCAPE

April 11, 2001

DeLay, NRCC accuser owes them $20,000
By Alexander Bolton

A conservative watchdog group that has accused House Majority Whip Tom DeLay (R-Texas) and the National Republican Congressional Committee (NRCC) of illegal fundraising activities owes the committee as much as $20,000, according to documents obtained by The Hill.

The group, Judicial Watch, announced a three-fold legal
action against DeLay and the NRCC Tuesday for allegedly “selling meetings with Bush officials” to top Republican donors.

The group filed complaints with the Federal Election Commission, the Criminal Division of the Justice Department and the House Ethics Committee.

“It’s just round one of our legal actions,” Tom Fitton, president of Judicial Watch, told The Hill.

Judicial Watch, a self-described public interest law firm that investigates government corruption, held a press conference Tuesday at the National Press Club to publicize the charges.

However, the NRCC contends that the ethics group owes them a mailing list of 45,000 names that conservative activists say is worth up to $20,000. NRCC estimates that the names are worth between 20 and 50 cents each.

NRCC officials say they have traded mailing lists with Judicial Watch over the last year-and-a-half, but stopped doing so in August after the group ran up a large debt of 104,000 names that it still hasn’t fully repaid. The trades were supposed to have an equal number of names.

Larry Klayman, the chairman and general counsel of Judicial Watch, has denied having any business dispute with the House Republican committee.

“We have no knowledge of owing them anything, we haven’t authorized any list going to the NRCC,” Klayman said in an interview with The Hill Tuesday.

Klayman’s comments were corroborated by Fitton, who also attended yesterday’s press conference. “There’s no dispute,” he said.

But business documents from National Response List Marketing (NRLM) Inc., a direct mail services company based in Alexandria, Va., show the company brokered the transactions between the NRCC and Judicial Watch since the fall of 1999. DeLay is a de facto member of the NRCC.

The documents show that Judicial Watch owed the NRCC the names of 10,000 potential supporters in October of that year, a debt that steadily climbed to over 100,000 names by the following summer.

At that time, Patty Catano, an NRCC official, sent a handwritten note to NRLM, the mail broker: “Sorry, but I will have to decline [an impending trade with Judicial Watch] due to exchange balance [and] quantity.”

In political fundraising circles mailing lists are valuable commodities because they contain donor information that can be turned into millions of dollars in contributions. The value of a list depends on how likely the names will translate into future donors.

The documents also clearly contradict Klayman’s claim that his group did not send any lists to the NRCC.

A NRLM document dated April 4, 2000, shows that at one point the NRCC owed Judicial Watch 25,000 names.

A memo from Robertson Mailing List Co., another independent mail broker based in Reston, Va., shows that last December the firm unsuccessfully attempted to obtain for the NRCC the names owed by Judicial Watch.

Judicial Watch’s business dealings and its relationship as a debtor to the NRCC call into question serious allegations it made Tuesday against the committee, DeLay, Speaker J. Dennis Hastert (R-Ill.) and Vice President Dick Cheney.

At the press conference, which was attended by over 20 reporters from media outlets such as CNN, C-SPAN and NBC, Klayman produced a document on NRCC letterhead allegedly sent to donors from Hastert.

The document informs the recipients that Hastert will introduce them to senior Bush administration officials including Cheney at a tax reform workshop in May.

Klayman claims the letter was sent out by Republicans as part of a donor solicitation effort and thus violates ethics laws.

However, the document does not state anywhere that the meetings are a quid pro quo for donations given to the Republican Party.

Judicial Watch said they will supplement their complaints against DeLay and the NRCC by filing complaints against Hastert and even people in the Bush administration.

The complaints filed yesterday with the Federal Election Commission (FEC), Justice Department and ethics committee allege that DeLay and the NRCC violated sections of the U.S. code that prohibit bribery of public officials and promising benefits for political activity.

The action was prompted by an Associated Press story published last week that reported DeLay promised small-business owners meetings with top administration officials if they donated $20,000 to the party.

In a letter to DeLay dated last week, Klayman wrote that he would pursue
legal action against the majority whip and the NRCC if they did not immediately stop the fundraising drive.

The NRCC says they were never contacted by Klayman before he went before the cameras.

“I called Klayman on Thursday and did not receive a return call. I sent a cordial letter on Thursday and didn’t receive a response, I’ve never spoken to the man,” said Don McGahn an attorney with the committee.


2,573 posted on 07/15/2002 9:15:33 PM PDT by Howlin
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To: FreedominJesusChrist
Don't let this board get you down. A lot of us are getting old and a little depressed, especially when listening to young people who are full of idealistic plans for the future...a future that obviously doesn't include us.
2,574 posted on 07/15/2002 9:16:11 PM PDT by McB.
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To: Texasforever
You're too smart!

You must stop posting all of this for Larry to come and read. He then runs back and "fixes" his next talking points memo to fit with what you've said.

Loose ships sink hips.
2,575 posted on 07/15/2002 9:17:19 PM PDT by terilyn
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To: Amelia
Oh, Amelia, Amelia, Amelia!!!How exquisite! That is a masterpiece. Now, confess -- was I your muse?
2,576 posted on 07/15/2002 9:17:26 PM PDT by Iwo Jima
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To: Howlin

Did she say she was going to bed? LOL.....

2,577 posted on 07/15/2002 9:19:06 PM PDT by deport
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To: Howlin; Texasforever
"Perhaps somebody here is forwarding him these threads."

You may be on to something here. Larry keeps "fixing" his foot in mouth disease.

(I told you that you were too smart)!

2,578 posted on 07/15/2002 9:19:27 PM PDT by terilyn
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To: terilyn
Not smart I just have 35 years of experience in the EPC industry and in negotiating these types of contracts and the executing the contracts within the terms and conditions set by them. I am not an accountant and I am not a lawyer but I know these contracts inside out and I also know that Larry does not have a clue about his own damned complaint. Hell he doesn't even have a suspicion.
2,579 posted on 07/15/2002 9:22:50 PM PDT by Texasforever
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To: Iwo Jima
The entire rationale for the lawsuit is to please Ross Perot and to give Larry Klayman a shot at humiliating Dick Cheney and by extension George Bush.

Ross Perot endorsed George W. Bush in 2000.

No, actually, the lawsuit is just another fundraising gimmick by Klayman.

It always boils down to money for this shyster.

2,580 posted on 07/15/2002 9:23:53 PM PDT by sinkspur
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