Halliburton Settles Shareholder Suit Over Alleged Bribes

Law360, New York (July 19, 2012, 9:20 PM EDT) -- Halliburton Co. has reached a preliminary settlement over a shareholder action that alleged that the energy giant’s board had overseen and enabled a range of misconduct, including illegal activities in Nigeria, Iran and the U.S., the company announced Thursday. 

The petitioners — the Policemen and Firemen Retirement System of the City of Detroit and the Central Laborers’ Pension Fund — agreed to drop the claims against Halliburton and its board, but the company consented to making a series of changes to its internal governance policies, according...
To view the full article, register now.