NEW YORK, NY / ACCESSWIRE / July 27, 2017 / Pomerantz LLP is investigating claims on behalf of investors of Halliburton Company (“Halliburton” or the “Company”) (NYSE: HAL). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Halliburton and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 21, 2011, Halliburton disclosed an internal investigation into possible violations of the Foreign Corrupt Practices Act (“FCPA”) by Halliburton personnel in Angola. On this news, Halliburton’s share price fell $0.97, or 2.1%, to close at $33.50 on October 21, 2011. On July 27, 2017, the U.S. Securities and Exchange Commission announced that Halliburton would pay $29.2 million in fines and penalties to settle allegations of FCPA violations in connection with the Company’s Angolan operations.
On this news, Halliburton’s share price has fallen as much as $0.54, or 1.22%, during intraday trading on July 27, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP