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Federal Contractor Misconduct Database (FCMD)
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:
-
2010 Gulf of Mexico Oil Spill – Pointe-au-Chien Tribe Lawsuit
BP P.L.C., Halliburton -
April 2010 Gulf of Mexico Oil Spill (BSEE Citations)
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill (BSEE Citations)
Halliburton -
April 2010 Gulf of Mexico Oil Spill – Federal Contracting Suspension
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill – Federal Criminal Settlement
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill — Federal, State, and Local Civil Settlement
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill (Fishermen/Shrimpers Lawsuits)
Halliburton -
April 2010 Gulf of Mexico Oil Spill (Fishermen/Shrimpers Lawsuits)
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill — Gulf of Mexico Early Restoration
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill (Halliburton Lawsuit)
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill – Halliburton Settlement
Halliburton -
April 2010 Gulf of Mexico Oil Spill – Maryland AG Lawsuit
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill (Mexican Lawsuits)
Halliburton -
April 2010 Gulf of Mexico Oil Spill (Mexican Lawsuits)
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill – Private Economic Loss and Medical Claims Settlement
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill (Securities Litigation)
BP P.L.C. -
April 2010 Gulf of Mexico Oil Spill Shareholder Lawsuit
BP P.L.C. -
April 2010 Oil Rig Explosion Lawsuits
Halliburton -
April 2010 Oil Rig Explosion Lawsuits
BP P.L.C. -
Bayona Corp. v. BP et al. (April 2010 Gulf of Mexico Oil Spill)
BP P.L.C. -
Bayona Corp. v. BP et al. (April 2010 Gulf of Mexico Oil Spill)
Halliburton -
Bon Secour Fisheries et al. v. Halliburton (April 2010 Gulf of Mexico Oil Spill)
Halliburton -
Carnival v. BP et al. (April 2010 Gulf of Mexico Oil Spill)
Halliburton -
Carnival v. BP et al. (April 2010 Gulf of Mexico Oil Spill)
BP P.L.C. -
Cochran v. BP et al. (April 2010 Oil Rig Explosion)
BP P.L.C. -
Cochran v. BP et al. (April 2010 Oil Rig Explosion)
Halliburton -
Deepwater Horizon Coast Guard/BOEMRE Investigation
BP P.L.C. -
Deepwater Horizon Coast Guard/BOEMRE Investigation
Halliburton -
Destin v. BP et al. (April 2010 Gulf of Mexico Oil Spill)
BP P.L.C. -
Destin v. BP et al. (April 2010 Gulf of Mexico Oil Spill)
Halliburton -
Destruction of Evidence Relating to Deepwater Horizon Incident
Halliburton -
Faris v. Transocean et al. (April 2010 Gulf of Mexico Oil Spill)
BP P.L.C. -
Faris v. Transocean et al. (April 2010 Gulf of Mexico Oil Spill)
Halliburton -
Hogan v. BP, et al. (Exposure to Corexit)
BP P.L.C. -
Hogan v. BP, et al. (Exposure to Corexit)
Halliburton -
Pappas v. Transocean et al. (April 2010 Gulf of Mexico Oil Spill)
Halliburton -
Pappas v. Transocean et al. (April 2010 Gulf of Mexico Oil Spill)
BP P.L.C. -
Roshto v. Transocean Ltd (April 2010 Oil Rig Explosion)
Halliburton -
Roshto v. Transocean Ltd (April 2010 Oil Rig Explosion)
BP P.L.C. -
SEC v. Seilhan (Insider Trading)
BP P.L.C. -
St. Joe Co. v. Halliburton (April 2010 Gulf of Mexico Oil Spill)
Halliburton -
U.S. v. Badalamenti (Destruction of Evidence)
Halliburton -
U.S. v. Mix (Obstruction of Justice in April 2010 Gulf of Mexico Oil Spill)
BP P.L.C.
