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Halliburton to Pay $7.5 Million Settlement

HeadlineAug 04, 2004

Halliburton agreed yesterday to pay a $7.5 million penalty to settle an investigation into charges that the company mislead investors by failing to disclose a change in how it accounted for cost overruns on large construction projects. The Securities and Exchange Commission said the problem occurred in 1998 when Vice President Dick Cheney was CEO of Halliburton.

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