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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Warner v. Lesar, et al. (Shareholder Lawsuit)

Halliburton shareholders filed a lawsuit accusing the company of failing to oversee or prepare appropriately for all risks involved in deepwater energy exploration, drilling and production, including risks relating to the Deepwater Horizon rig at the Macondo well site in the Gulf of Mexico and at the Montara well off the coast of Australia. The shareholders asserted that Halliburton and its executives had breached their fiduciary duties to the company through a systemic lack or failure of health, safety and environment (HSE) internal controls. Specifically, they alleged that their failure to ensure that the company appropriately tested its cement slurry to be sure it was safe for its intended purpose caused the company to sustain damages in connection with the accident that occurred at the Deepwater Horizon rig in April 2010. In July 2012, a proposed settlement was reached in which Halliburton agreed to implement certain HSE control revisions. Halliburton also agreed to pay up to $7,750,000 for plaintiffs’ attorney fees and expenses.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement
6/11/2012
Contractors Involved Penalty
Total
Halliburton $7,750,000
Further Information Released
Settlement Agreement 6/11/2012

See also:

Federal Contractor Misconduct Database