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UPDATE 2-Halliburton to settle U.S. Gulf spill claims for $1.1 bln
[Rooters] Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said. The amount, to be paid in three installments over the next two years, will be put into a trust until all appeals are resolved, the company said. "We think this is a smart move by Halliburton," said Stewart Glickman, an equity analyst at S&P Capital IQ. "While state claims by Louisiana and Alabama remain, we think this trims legal overhang." Glad to hear it's going into a trust. The Regime won't be packing it off to the Mooslim Broederbond, The Council on American-Islamic Relations (CAIR), the DNC, or foodstamps.... at least right away. Posted by: Besoeker 2014-09-02 |
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