Halliburton and Asbestos Plaintiffs Agree to Extend the Stay on Halliburton Asbestos Claims
Halliburton and Asbestos Plaintiffs Agree to Extend the Stay on Halliburton Asbestos Claims
DALLAS, May 20, 2002 /PRNewswire-FirstCall via COMTEX/ -- Halliburton Company
(NYSE: HAL) today announced that it has reached agreement with Harbison-Walker
Refractories Company and the Official Committee of Asbestos Creditors in the
Harbison-Walker bankruptcy to consensually extend the period of the stay
contained in the Bankruptcy Court's temporary restraining order until June 4,
2002. The Court's temporary restraining order, which was originally entered on
February 14, 2002, stays more than 200,000 pending asbestos claims against
Halliburton's subsidiary Dresser Industries, Inc. For more details on the stay
entered by the Court on February 14, and extended on February 21 and April 4,
Halliburton refers to its earlier press releases of February 22, 2002 and
February 14, 2002.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company's World Wide Web site can be accessed at www.halliburton.com .
SOURCE Halliburton Company
CONTACT: Wendy Hall, Public Relations, +1-713-676-5227, or wendy.hall@halliburton.com , or Cedric Burgher, Investor Relations, +1-713-676-4608, or cedric.burgher@halliburton.com , both of Halliburton Company