Halliburton pounces on Baker Hughes
In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes for cash and stock worth $34.6 billion.
For general counsels, it's always business. Not personal.
Supreme Court to decide if Halliburton can try to block suit
The Supreme Court decided Friday to hear an appeal from Halliburton Co. that could make it more difficult for shareholders to sue companies for engaging in fraud to prop up stock prices.
Ex-Halliburton manager charged in Gulf spill probe
NEW ORLEANS — A former Halliburton employee was charged Thursday with destroying evidence following BP’s 2010 oil spill in the Gulf of Mexico. Anthony Badalamenti, who had been the cementing technology director for Halliburton Energy Services Inc., was charged in federal court Thursday with instructing two other employees to delete data during a post-spill review […]
Should discussions between attorneys and their firm's in-house counsel remain confidential?
New interpretation of Sarbanes-Oxley creates problems for employers
Employment lawyers fear that a recent decision from the U.S. Department of Labor Administrative Review Board broadening whistleblower protections under Sarbanes-Oxley may create new burdens for employers. In the case before the board, a Halliburton employee filed a complaint with the Securities and Exchange Commission over certain accounting practices used by the company. He also […]
High court revives class action against Halliburton
WASHINGTON — The Supreme Court ruled Monday that Halliburton Co. shareholders can pursue a class-action lawsuit claiming the oil services company inflated its stock price. The high court overturned a ruling against the shareholders, who want to represent all investors who bought Halliburton stock between June 1999 and December 2001. The lawsuit argues that Halliburton […]
Panel: BP did not put cost over safety
WASHINGTON — The presidential commission investigating the BP Gulf oil spill challenged claims in Congress that the oil company and others sacrificed safety to cut costs. In preliminary findings issued Monday, the first from an independent panel, investigators supported many of BP’s own conclusions about what led to the disaster. The panel’s chief investigator, Fred […]