Suit Dismissed Against Halliburton, Cheney
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A federal judge has dismissed a lawsuit that accused Halliburton Co. and Vice President Dick Cheney, its former chief executive, of misleading investors by changing the way the company counted revenue from construction projects.
The lawsuit was filed last year by Judicial Watch, a conservative public interest group, on behalf of three small investors, who said the company tried to polish financial results by booking revenue on cost overruns before it was certain of getting paid. U.S. District Judge Sam A. Lindsay said in a one-page ruling that Judicial Watch didn’t present facts that proved Halliburton misled investors about its revenue.
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