Halliburton Faces $300M Arbitration Over Fracking Secrets

Law360, New York (February 20, 2013, 8:59 PM EST) -- Halliburton Energy Services Inc. was hit with a $300 million arbitration demand by an environmental services firm accusing the oilfield services giant of stealing trade secrets about its fracking liquid treatment operation, despite a nondisclosure agreement between the companies.

Stuart, Fla.-based Ecosphere Technologies Inc. said it was filing an arbitration demand with the American Arbitration Association seeking damages for Halliburton’s alleged violation of a nondisclosure agreement between them, and alleged theft of trade secrets about Ecosphere’s fracking liquid treatment business model that it said it spent...
To view the full article, register now.