Asbestos settlement

Haliburton Co. says it has reached an agreement in principle to limit the cash required to settle asbestos lawsuits with its subsidiaries to $2.775 billion (U.S.).//

The Toronto Star
November 7, 2003

Asbestos settlement

Haliburton Co. says it has reached an agreement in principle to limit the cash required to settle asbestos lawsuits with its subsidiaries to $2.775 billion (U.S.).

The settlement, which must be approved by 75 per cent of the known asbestos claimants, is conditional upon a Chapter 11 protection from creditors filing by its units affected by the case.

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Risks: Asbestos, United States, 20031107 Asbestos settlement