Halliburton Responds to Larry Klayman's Supersillyous Suit(My Title)

CBS Market Watch "Big Charts" Web Site ^ | 7/10/2002 | MarketWatch.com

[Howlin]

79. On or about January 24, 2002, the Lionbargers purchased 100 shares of Halliburton common stock at a price of $12.22 per share, for a total cost of $1,222.00. On information and belief, unbeknownst to the Lionbargers, the purchase price was grossly inflated because of the Defendants’ misrepresentations and concealment of material information.

76. On or about November 15, 2002, Stephens purchased 500 shares of Halliburton common stock at a price of $21.11 per share, for a total cost, with commissions, of $10,685.00. On information and belief, unbeknownst to Stephens, the purchase price was grossly inflated because of the Defendants’ misrepresentations and concealment of material information. (Must be 2001 -- somebody dropped the ball at JW, go figure!)

[Amelia]

Dont! Listen! To! nopardons!, she! tends! to! be! extremely!shrill! and! often! overreacts!

POTS! KETTLES! POTS! KETTLES!

[Amelia]

My question now is, after the SEC finds that Halliburton has done nothing wrong, will Larry continue his suit? Will he claim it's a whitewash and send out a FLASH FUND RAISING letter, saying "I need your help to fight the Bush administration's corruption by denying me my case?"

Is the Pope Catholic?

Does a bear poop in the woods?

[Amelia]

Go Iwo Go!

Where is Iwo, anyway?

Maybe they took away her walker? Is computer time limited at the home?

[Texasforever]

The notification was made 5 months from the completion of the merger and met Halliburton's fiscal year reporting deadline. I see absolutely nothing here that is incorrect. Maybe torie can explain what the problem could be.

[terilyn]

That's how I read it too. I think the comment that it took them a year to announce the change is probably due to the fact that they didn't actually change their accounting until 9/98, but it affected their entire 1998 financials, which were then reported 3/99.

[terilyn]

Larry, being the crack lawyer that he is, should know that you don't get to sue for recovery of commissions.

I've filled out a ton of class-action lawsuit paperwork. It's required that you subtract any commissions and attach a copy of your trade confirmation(s).

[terilyn]

I do hope there's not been another brouhaha...

[Amelia]

That's what I was afraid of, they might have decided it was just too disruptive....

[Texasforever]

From the article

And the SEC can't overlook the delay of more than a year before Halliburton told investors that its accounting had changed.

The Halliburton change notice was clearly less than a year so I don't understand why the article says over a year.

[Torie]

The problem if if there is a financial statement that has numbers that reflect a material accounting change, otherwise not disclosed. That simply won't fly. If the change was disclosed on the 10K, than maybe the problem was with the 10Q's. If no financial statements were issued after the change but prior to the disclosure, than there isn't a problem. We simply need to know more about the underlying facts here.

[terilyn]

Can you imagine the hullabaloo if Iwo manages to get #3000? They'll have to dispense extra meds just to settle the place down!

[Clara Lou]

I've been dropping by now and then all day long. You ladies are absolute fonts of knowledge. I thought so in the first place, but I now feel even more comfortable that this suit will be one that will make Larry politically a universal laughingstock.

[Howlin]

I'll donate money for that!

[Mo1]

Hmmmmmmmmmmmmmmmmm .... check out some info that was passed on to me about the donor list

http://www.freerepublic.com/focus/news/716798/posts?page=44#44

[Mo1]

Dang it didn't work .. trying again

Try This

[Howlin]

Let's post it here:

To: Mo1

The Freedom of Information Act applies chiefly to government agencies. That said, if Judicial Watch is a not-for-profit organization, it is required to keep on hand its tax records for at least the past three years. The forms used to be called 990s, and they came in very handy when checking the bona fides of an alleged not-for-profit org. Anybody -- ANYBODY -- can walk through the door and ask JW for copies of the forms. I'd recommend going this route, if you're interested.

44 posted on 7/17/02 8:29 PM Eastern by rond

[deport]

Yes on both counts......

Now the Klaymer, that depends upon the results of the IRS audit which he should getting on with "because no one is above the law"

[Mo1]

LOL .. Think Larry will give up copies

[Howlin]

I'd love to here the answer to that question.