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To: Texasforever
Okay, you are right, Klayman is representing two shareholders in this lawsuit, but isn't it possible for a civil lawsuit to have criminal elements involved? I think so.
1,102 posted on 07/11/2002 9:09:49 PM PDT by FreedominJesusChrist
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To: FreedominJesusChrist
I am going to be real patient with you and lay some things out that neither you OR Klayman bothered to research before this silly lawsuit. he Halliburton-Dresser merger consummated in September of 1998. It was the single largest merger in the oils services sector in history. Halliburton also assumed all the liabilities of outstanding debts and legal actions that Dresser had incurred. When a merger such as this happens the buyer, HAL, lost some of its stock value while those with shares in Dresser saw significant gain. Now at the time of the merger oil has between 10-15 bucks a barrel and so a large sector of Halliburton's business was flat and so was their stock prices. Then oil prices began to rise and along with that rise Halliburton stock began to increase in value. When oil reached 39 bucks a barrel, about the time Cheney was forced to sell his shares because of the election, Halliburton stock was at almost 40 dollars a share.

Then oil prices started to fluctuate wildly and so did all oil related stocks. On top of that, there were several outstanding lawsuits against Dresser involving asbestos exposure. The potential damages could have reached in excess of a billion dollars and the stock took another drastic hit. The stock fluctuations can and will be shown due to business conditions and the costs related to the merger. Each and every one of these issues was widely publicized and all shareholders were well informed as to the liabilities associated with the merger and the shareholders voted to proceed. All you need to do, and Larry should have done it himself, was to track the stock prices with the business cycle, he may have saved himself from the humiliation he is about to suffer.

1,121 posted on 07/11/2002 9:28:23 PM PDT by Texasforever
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