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(The Motley Fool)   What's the big deal? I don't see why anyone would really need to file a class-action lawsuit against Halliburton   (fool.com ) divider line
    More: Interesting, U.S. Supreme Court, adverse impact, Motley Fool, class-action, securities laws, Halliburton, Securities Exchange Act, material fact  
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2206 clicks; posted to Business » on 16 Feb 2014 at 11:00 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



21 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2014-02-16 06:10:59 AM  
If you don't trust big business to do whats right, you don't deserve government's protection, anyway.
 
2014-02-16 07:43:48 AM  
The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.
 
ZAZ [TotalFark]
2014-02-16 09:59:25 AM  
Securities class actions make me hate both sides. You've got greedy lawyers who refuse to accept that investment comes with risk. You've got greedy executives trying to move revenue from next quarter into this quarter to maintain an unrealistic stock price.  Can't they both lose?
 
2014-02-16 10:18:38 AM  
What really sucks here is that Halliburton didn't do anything thing wrong in the case that started this shiat.

When they acquired that it, every single analyst said that Dresser had more than enough funds to pay for any and all expected asbestos suits, biased past suits and future projections...

Then they get hit out of left field with that 30mil judgement.
 
2014-02-16 10:28:45 AM  
Wilwheatonflippingoffhalliburton.jpg
 
2014-02-16 11:14:11 AM  
DC and courts across this country are filled with whores.
 
2014-02-16 12:08:19 PM  

MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.


That's cute. You're cute. No more Grisham novels for you.
 
2014-02-16 12:15:29 PM  

MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.


Poe v. United States.
 
2014-02-16 01:45:51 PM  

MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.


You just STFU right the hell now with that. On Halloween, a police officer backed his SUV into my car with enough speed that I couldn't open my door to get out. My new car. The only new car I've ever owned. He immediately admitted fault, apologized, arranged for my car to be towed and stored for free, and gave me a ride. On Monday, I called the insurance company and got the ball rolling to get my car fixed. I got a disgusting POS Toyota Yaris rental car that smelled of rotten milkshake, while my car was being fixed--to the tune of $4000. I then learn that in Ohio, local cops have sovereign immunity and could not be held financially responsible. So, I'm out my $500 deductible. Guess what? I DON'T HAVE FIVE HUNDRED F*CKING DOLLARS! I'm lucky if I bring home $700 in a month. I've been accident-free for twenty years, and I'm out $500--nearly a month's bring-home wages--through no fault of my own. Just reading the words "sovereign immunity" makes me want to beat a baby with a puppy.
 
2014-02-16 01:58:20 PM  

TopoGigo: MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.

You just STFU right the hell now with that. On Halloween, a police officer backed his SUV into my car with enough speed that I couldn't open my door to get out. My new car. The only new car I've ever owned. He immediately admitted fault, apologized, arranged for my car to be towed and stored for free, and gave me a ride. On Monday, I called the insurance company and got the ball rolling to get my car fixed. I got a disgusting POS Toyota Yaris rental car that smelled of rotten milkshake, while my car was being fixed--to the tune of $4000. I then learn that in Ohio, local cops have sovereign immunity and could not be held financially responsible. So, I'm out my $500 deductible. Guess what? I DON'T HAVE FIVE HUNDRED F*CKING DOLLARS! I'm lucky if I bring home $700 in a month. I've been accident-free for twenty years, and I'm out $500--nearly a month's bring-home wages--through no fault of my own. Just reading the words "sovereign immunity" makes me want to beat a baby with a puppy.


If he was in his personal vehicle and not performing police business he does not have immunity in Ohio. If he was on official business you can sue his employer (the city) for your deductible. Possibly even in small claims court, but you'll have to look that up.
 
2014-02-16 02:13:24 PM  

Moopy Mac: TopoGigo: MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.

You just STFU right the hell now with that. On Halloween, a police officer backed his SUV into my car with enough speed that I couldn't open my door to get out. My new car. The only new car I've ever owned. He immediately admitted fault, apologized, arranged for my car to be towed and stored for free, and gave me a ride. On Monday, I called the insurance company and got the ball rolling to get my car fixed. I got a disgusting POS Toyota Yaris rental car that smelled of rotten milkshake, while my car was being fixed--to the tune of $4000. I then learn that in Ohio, local cops have sovereign immunity and could not be held financially responsible. So, I'm out my $500 deductible. Guess what? I DON'T HAVE FIVE HUNDRED F*CKING DOLLARS! I'm lucky if I bring home $700 in a month. I've been accident-free for twenty years, and I'm out $500--nearly a month's bring-home wages--through no fault of my own. Just reading the words "sovereign immunity" makes me want to beat a baby with a puppy.

If he was in his personal vehicle and not performing police business he does not have immunity in Ohio. If he was on official business you can sue his employer (the city) for your deductible. Possibly even in small claims court, but you'll have to look that up.


No, he was in the police SUV, with his lights and siren on. In fact, had he not looked down to turn the lights and siren on while throwing it in reverse, he would have seen the car directly behind him instead of crawling up on my hood. If he had only turned on the lights, he would have heard the horn I was blaring at him.

I didn't really like my transmission in that car, but I never thought it would get me in an accident. If I had a car with a better manual transmission, I could have gotten my car into reverse in time to avoid the accident, but I had to wait multiple seconds for spindown before the shifter would go into R.
 
2014-02-16 02:14:15 PM  

Moopy Mac: If he was in his personal vehicle and not performing police business he does not have immunity in Ohio. If he was on official business you can sue his employer (the city) for your deductible. Possibly even in small claims court, but you'll have to look that up.


This.
 
2014-02-16 02:40:52 PM  

TopoGigo: Moopy Mac: TopoGigo: MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.

You just STFU right the hell now with that. On Halloween, a police officer backed his SUV into my car with enough speed that I couldn't open my door to get out. My new car. The only new car I've ever owned. He immediately admitted fault, apologized, arranged for my car to be towed and stored for free, and gave me a ride. On Monday, I called the insurance company and got the ball rolling to get my car fixed. I got a disgusting POS Toyota Yaris rental car that smelled of rotten milkshake, while my car was being fixed--to the tune of $4000. I then learn that in Ohio, local cops have sovereign immunity and could not be held financially responsible. So, I'm out my $500 deductible. Guess what? I DON'T HAVE FIVE HUNDRED F*CKING DOLLARS! I'm lucky if I bring home $700 in a month. I've been accident-free for twenty years, and I'm out $500--nearly a month's bring-home wages--through no fault of my own. Just reading the words "sovereign immunity" makes me want to beat a baby with a puppy.

If he was in his personal vehicle and not performing police business he does not have immunity in Ohio. If he was on official business you can sue his employer (the city) for your deductible. Possibly even in small claims court, but you'll have to look that up.

No, he was in the police SUV, with his lights and siren on. In fact, had he not looked down to turn the lights and siren on while throwing it in reverse, he would have seen the car directly behind him instead of crawling up on my hood. If he had only turned on the lights, he would have heard the horn I was blaring at him.

I didn't really like my transmission in that car, but I never thought it would get me in an accident. If I had a c ...


right so go after the employer

/good luck
 
2014-02-16 03:14:02 PM  

johnny_vegas: right so go after the employer


It's my understanding that due to sovereign immunity, the city has absolutely zero responsibility to pay. I was told by the insurance drones that municipalities in Ohio usually cover your deductible, but it's out of the kindness of their hearts rather than because they have to. Of course, I haven't spoken to an attorney, because attorneys cost more than I would hope to recover.
 
2014-02-16 03:53:59 PM  

TopoGigo: johnny_vegas: right so go after the employer

It's my understanding that due to sovereign immunity, the city has absolutely zero responsibility to pay. I was told by the insurance drones that municipalities in Ohio usually cover your deductible, but it's out of the kindness of their hearts rather than because they have to. Of course, I haven't spoken to an attorney, because attorneys cost more than I would hope to recover.


Go to the media.  You'd be surprised how well those consumer reporters are at getting results.
 
2014-02-16 04:44:32 PM  
When I got my first job back in the'70s, it was with a subsidiary of Halliburton. Never saw so many criminals in one spot except for maybe the county jail which is where I hope they wind up at. Damn farking corrupt motherfarkers.
 
2014-02-16 06:57:22 PM  

TopoGigo: MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.

You just STFU right the hell now with that. On Halloween, a police officer backed his SUV into my car with enough speed that I couldn't open my door to get out. My new car. The only new car I've ever owned. He immediately admitted fault, apologized, arranged for my car to be towed and stored for free, and gave me a ride. On Monday, I called the insurance company and got the ball rolling to get my car fixed. I got a disgusting POS Toyota Yaris rental car that smelled of rotten milkshake, while my car was being fixed--to the tune of $4000. I then learn that in Ohio, local cops have sovereign immunity and could not be held financially responsible. So, I'm out my $500 deductible. Guess what? I DON'T HAVE FIVE HUNDRED F*CKING DOLLARS! I'm lucky if I bring home $700 in a month. I've been accident-free for twenty years, and I'm out $500--nearly a month's bring-home wages--through no fault of my own. Just reading the words "sovereign immunity" makes me want to beat a baby with a puppy.


If you are taking home less than $700/month, how the hell did you buy a new car?
 
2014-02-16 07:09:24 PM  

mod3072: TopoGigo: MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.

You just STFU right the hell now with that. On Halloween, a police officer backed his SUV into my car with enough speed that I couldn't open my door to get out. My new car. The only new car I've ever owned. He immediately admitted fault, apologized, arranged for my car to be towed and stored for free, and gave me a ride. On Monday, I called the insurance company and got the ball rolling to get my car fixed. I got a disgusting POS Toyota Yaris rental car that smelled of rotten milkshake, while my car was being fixed--to the tune of $4000. I then learn that in Ohio, local cops have sovereign immunity and could not be held financially responsible. So, I'm out my $500 deductible. Guess what? I DON'T HAVE FIVE HUNDRED F*CKING DOLLARS! I'm lucky if I bring home $700 in a month. I've been accident-free for twenty years, and I'm out $500--nearly a month's bring-home wages--through no fault of my own. Just reading the words "sovereign immunity" makes me want to beat a baby with a puppy.

If you are taking home less than $700/month, how the hell did you buy a new car?


Its a KIA.
 
2014-02-16 08:09:39 PM  

TopoGigo: johnny_vegas: right so go after the employer

It's my understanding that due to sovereign immunity, the city has absolutely zero responsibility to pay. I was told by the insurance drones that municipalities in Ohio usually cover your deductible, but it's out of the kindness of their hearts rather than because they have to. Of course, I haven't spoken to an attorney, because attorneys cost more than I would hope to recover.


Cities (including cities in Ohio) pay out damages for police conduct all of the time. Individual cops often have immunity (generally limited to non-intentional torts) for actions on the job.

But there is no blanket immunity in Ohio. I just read about a woman who sued a cop and the city of Huber Heights for excessive force.

However, sovereign immunity can cover the city for negligence, but there will be no shortage of waivers to this immunity for cases like yours. Definitely worth ($500) doing some research and making some calls.
 
2014-02-17 01:40:07 AM  

the_innkeeper: mod3072: TopoGigo: MrBallou: The Federal Government can't be sued under the principle of Sovereign Immunity. Dick Cheney enacted certain super-top-secret Executive Orders early in his administration, making Halliburton a de facto branch of the Federal Government. Therefore, they cannot be sued. QED.

You just STFU right the hell now with that. On Halloween, a police officer backed his SUV into my car with enough speed that I couldn't open my door to get out. My new car. The only new car I've ever owned. He immediately admitted fault, apologized, arranged for my car to be towed and stored for free, and gave me a ride. On Monday, I called the insurance company and got the ball rolling to get my car fixed. I got a disgusting POS Toyota Yaris rental car that smelled of rotten milkshake, while my car was being fixed--to the tune of $4000. I then learn that in Ohio, local cops have sovereign immunity and could not be held financially responsible. So, I'm out my $500 deductible. Guess what? I DON'T HAVE FIVE HUNDRED F*CKING DOLLARS! I'm lucky if I bring home $700 in a month. I've been accident-free for twenty years, and I'm out $500--nearly a month's bring-home wages--through no fault of my own. Just reading the words "sovereign immunity" makes me want to beat a baby with a puppy.

If you are taking home less than $700/month, how the hell did you buy a new car?

Its a KIA.


Well, a Hyundai, but pretty much the same thing. I'm a delivery boy, so paying $180 a month for a car that always starts, always runs, and always stops was a no-brainer. The other two options are to buy an eight or ten year old car and pay thousands of dollars for major repairs a few times a year--while having to miss work--and having to shell out $3000-4000 for a new one every four or five years, or to do what I used to do, which is have two old POS cars that I was constantly working on. I could always keep one car on the road, and as long as I could do the repair work myself, parts were cheap. I was spending about twenty hours a month under the hood, though, and if I just worked those hours at my job, that paid the payment.

Also, I'm married, so my wife's salary pays most of our bills; I'm only responsible for my car payment, Netflix, and the mortgage. Which is fortunate, since some asshole judge decided years ago that working a minimum wage job means I can afford to pay $400/month child support for a child I don't get to see. If that weren't taken straight out of my paycheck, I'd actually be doing pretty well.
 
2014-02-17 01:57:22 PM  
In January of that year, the company reported that "prospective asbestos liabilities ... should have minimal adverse impact on the company going forward." In August, it claimed that "asbestos exposure concerns appear to be overblown." And in November, it stated that "open asbestos claims will be resolved without a material adverse effect on our financial position or the results of operations."

These were obviously sugar coated, and any investor that relied on them is a farking idiot. What was he going to say? "Yeah, we expect to be lose this gigantic lawsuit pretty soon, and it's going to cost us a whole shiatload of money"?
 
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