Halliburton Denied Texas Venue In $300M Fracking Secrets Suit

By Beth Winegarner (March 25, 2013, 9:18 PM EDT) -- Halliburton Energy Services Inc. will face arbitration hearings in Florida —rather than in Texas, as Halliburton demanded — on Ecosphere Technologies Inc.'s $300 million claims that the oil field giant stole fracking-liquid trade secrets despite a nondisclosure agreement, the American Arbitration Association ruled Friday.

Halliburton petitioned the American Arbitration Association for a change of venue to Houston, which is close to its corporate headquarters, according to the company's website. But the association's Friday ruling favored Ecosphere's mandate that the hearings go forward in Miami, and gave the parties until April 8 to choose three arbitrators to oversee the hearings, according to...

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