Halliburton Settles Bribery Case For $250M

Law360, New York (December 17, 2010, 5:10 PM EST) -- Nigeria has agreed to a reported $250 million settlement to end bribery charges against former Vice President Dick Cheney and his former business Halliburton Co. related to natural gas contracts in the country.

The case involves an alleged $182 million in bribes paid to obtain $6 billion in contracts for a natural gas plant in southern Nigeria. The bribery ran from 1994 to 2004 and involved Kellogg Brown & Root, which was a Hallburton subsidiary at the time, according to U.S. investigators.

A spokesman for Nigeria's...
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