Court Denies Rehearing In Halliburton Pension Case

Law360, New York (February 15, 2007, 12:00 AM EST) -- A federal appeals court has decided not to rehear a case involving oil field construction giant Halliburton Co., which breached a merger agreement three years ago when it cut retiree medical benefits for the employees of a rival company it acquired.

The class action against Halliburton for cutting benefits after it acquired Dresser Industries Inc. in 1998 was appealed from the U.S. District Court for the Southern District of Texas, but the three-judge panel of the U.S. Court of Appeals for the Fifth Circuit refused Tuesday...
To view the full article, register now.