Business Services Industry
Halliburton pays $7.5 million to settle SEC complaint.
Knight Ridder/Tribune Business News, August, 2004
By Jim Landers, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 4--Halliburton Co. settled a Securities and Exchange Commission complaint Tuesday for $7.5 million, closing an investigation covering accounting disclosures during two years of Vice President Dick Cheney's leadership of the company.
Halliburton's former comptroller, Robert C. Muchmore Jr., also settled with the SEC by paying a $50,000 fine.
The SEC filed a civil complaint in U.S. District Court in Houston against Halliburton's former chief financial officer, Gary V. Morris, seeking unspecified fines and an injunction. Mr. Morris' attorney, Tim McCormick of Thompson & Knight LLP, said his client had done nothing wrong.
At issue was whether...
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