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Halliburton Wants $256M Tax Suit Against KBR Revived

Law360, Houston (September 24, 2013, 4:38 PM EDT) -- Halliburton Co. asked a Texas state court Monday to throw out an arbitration panel’s decision to nix its claim for $256 million the oilfield services giant says it overpaid in taxes to KBR Inc. with respect to the companies’ 2007 split.

In an application to vacate the ruling, Halliburton said the case should have been determined under the terms of a tax sharing agreement the companies struck, but instead an arbitration panel was assigned to resolve the dispute pursuant to a separate master separation agreement and...
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