Halliburton Must Post $14M Bond: Judge

Law360, New York (July 18, 2008, 12:00 AM EDT) -- Oil giant Halliburton Energy Services Inc. must post a $14 million bond to appeal a ruling affirming an arbitration with Tremont LLC over the costly cleanup of hazardous spills on land Tremont had owned at the time.

NL Industries Inc. caused the spills as part of its former petroleum businesses and co-owned the site. After NL's petroleum service assets were split in the 1980s and 1990s among several companies, including Halliburton, disputes began over which company must pay to clean up the pollution.

Judge Lee Rosenthal...
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