ADVFN - Advanced Financial Network.
HOME» NYSE » H » HAL Stock Price » HAL Stock News

Halliburton Share News

 Halliburton Company Stock Price
HAL Stock Price
 Halliburton Company Stock Chart
HAL Stock Chart
 Halliburton Company Stock News
HAL Stock News
 Halliburton Company Company Information
HAL Company Information
 Halliburton Company Stock Trades
HAL Stock Trades

US Judge Gives Preliminary OK To BP-Plaintiffs Oil Spill Settlement

HOUSTON -(Dow Jones)- A U.S. judge gave preliminary approval to a $7.8 billion settlement between BP PLC (BP, BP.LN) and individual plaintiffs over economic damages resulting from the Deepwater Horizon oil spill. In an order filed Wednesday, Judge Carl Barbier of the Eastern District of Louisiana said the terms of the proposed settlement, which would compensate business owners in the U.S. Gulf Coast, are "sufficiently fair, reasonable, adequate and consistent with governing law" to warrant preliminary approval. That would allow the distribution of a notice of settlement to the affected parties. A fairness hearing will follow on Nov. 8, the judge said. The settlement, he added, appears to have "no obvious deficiencies" and "falls within the range of possible judicial approval." The preliminary approval comes after months of intense negotiation between BP and lawyers representing thousands of plaintiffs, including fishermen, restaurateurs and other small business owners that suffered from the crippling of the area's seafood and tourism industry in the wake of the Deepwater Horizon oil spill in 2010. On April 20, 2010, the Deepwater Horizon rig exploded while drilling a BP well in the U.S. Gulf, killing 11 and unleashing the worst marine spill in U.S. history. The settlement would replace the Gulf Coast Claims Facility, which BP agreed to fund to the tune of $20 billion, with a court-supervised settlement program. Those who accept payments under the proposed settlement agree to waive claims against BP and other defendants except Transocean Ltd. (RIG, RIGN.VX) and Halliburton (HAL). Transocean owned the Deepwater Horizon rig and Halliburton performed the cementing job in the deep-water well that blew out; both of those companies are fighting a legal battle with BP over their share of responsibility in the Deepwater Horizon incident. Halliburton said in a filing last month that it opposed the settlement between BP and the individual plaintiffs, because it had only a "limited amount of time available" to review it. Halliburton also said that the settlement would make the company responsible for paying at least part of the settlement by "improperly assigning claims against (Halliburton)" to the plaintiffs' steering committee. -By Angel Gonzalez, Dow Jones Newswires; 713-547-9124;angel.gonzalez@dowjones.com

Stock News for Halliburton (HAL)
DateTimeHeadline
07/24/201514:00:18Securities Registration: Employee Benefit Plan (s-8)
07/24/201511:09:33Quarterly Report (10-q)
07/23/201512:04:55Halliburton, Baker Hughes Notify $35 Billion Merger to EU Antitrust...
07/21/201509:44:29Baker Hughes Swings to Loss as Revenue Tumbles 33% -- Update
07/21/201509:11:11Baker Hughes Swings to Loss as Revenue Tumbles 33%
07/20/201515:10:54Current Report Filing (8-k)
07/20/201512:46:17Halliburton Profit Skids as North America Revenue Falls -- Update
07/20/201510:37:59U.S. Stocks Little Changed
07/20/201509:00:10U.S. Stock Futures Rise on Earnings
07/20/201508:48:09U.S. Stock Futures Rise on Earnings
07/20/201508:30:07Halliburton Profit Skids as North America Revenue Falls
07/20/201508:19:00Halliburton Profit Skids as North America Revenue Falls
07/20/201507:00:00Halliburton Announces Second Quarter Income from Continuing Operations...
07/20/201504:55:33Cluff Natural Resources Cites 'Significant Progress' in UK Projects
07/16/201519:10:00Halliburton Declares Dividend
07/16/201517:50:20Schlumberger Profit Falls 30%
07/16/201507:10:063 Things to Watch When Halliburton Company Reports Earnings
07/10/201518:00:07Halliburton, Baker Hughes Agree to Extend Antitrust Review Period
07/10/201517:37:33Halliburton, Baker Hughes Agree to Extend Antitrust Review Period
07/10/201516:15:00Halliburton and Baker Hughes Provide Update on Proposed Acquisition

Halliburton and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad