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Halliburton's lack of disclosure is the key issue in Dallas suit.
Knight Ridder/Tribune Business News, August, 2004
By Gregg Jones, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 26--Halliburton Co. chief executive David Lesar faced an uneasy audience when he convened a Wall Street conference call in late 2001. In the prior five months, his company's stock price had crumbled by nearly half.
Analysts and investors were anxious about the hit Halliburton might take from a growing number of lawsuits related to asbestos exposure. Questions quickly focused on a company called Harbison-Walker: Halliburton had inherited its liabilities when it acquired Dresser Industries Inc. in 1998.
Not to worry, Mr. Lesar assured the group. "There have been no adverse developments at all with respect to the Harbison-Walker situation," he said.
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