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Halliburton says class status denied in fraud case

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Halliburton Co. said on Tuesday a federal judge has denied class-action status to the lead plaintiff in a six-year-old case about securities law violations.

With the Sept. 29 decision, lead plaintiff Archdiocese of Milwaukee Supporting Fund will have to pursue on its own the lawsuit, which claims Halliburton defrauded investors through questionable accounting practices from 1998 to 2001.


TVNL Comment: Note that US Vice President Richard Cheney was Chairman and Chief Executive Officer of Halliburton Company from 1995 to 2000.  

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