UNITED STATES
DISTRICT COURT
NORTHERN
DISTRICT OF TEXAS
DALLAS DIVISION
STEPHEN S. STEPHENS, LYLE LIONBARGER AND DEANNA J. LIONBARGER as
trustees for the LW & Deanna J. Lionbarger Family Trust Dated
06/25/96,
Plaintiffs,
v.
HALLIBURTON COMPANY, D/B/A
HALLIBURTON ENERGY SERVICES;
RICHARD B. CHENEY;
DAVID J. LESAR;
RAY L. HUNT;
ROBERT L. CRANDALL;
CHARLES J. DIBONA;
LAWRENCE S. EAGLEBURGER;
WILLIAM R. HOWELL;
JAMES LANDIS MARTIN;
JAY A. PRECOURT;
CECIL J. SILAS;
DOUGLAS L. FOSHEE;
SNIPPETS:
DISTRICT OF TEXAS
LYLE LIONBARGER AND DEANNA J. LIONBARGER as trustees for the LW & Deanna J. Lionbarger Family
HALLIBURTON ENERGY SERVICES;
ARTHUR ANDERSEN, LLP;
Defendants.
Plaintiffs, by the undersigned counsel, aver on personal knowledge as to themselves and their
directors, officers, and accountants of Halliburton Company, d/b/a Halliburton Energy
On information and belief, punitive and exemplary damages are highly likely to be awarded to
Lionbarger are husband and wife, residents and citizens of and domiciled in the State of New
Delaware corporation with its principal place of business in Dallas, Texas, and does business
Cheney is sued herein under Texas state law as a direct participant, aider and abettor, and
Prior to joining Halliburton, Lesar had been a partner in Defendant Andersen, Defendant
of Texas, a resident of Addison, Texas, joined the Board of Directors of Halliburton in 1998,
Eagleburger is sued herein under Texas state law as a direct participant, aider and abettor,
Howell, Hunt, Lesar, Martin, Precourt, Silas, Foshee, Blurton, Burgher, Muchmore, and Does 1
the Director and Officer Defendants secretly entered into an agreement, combination, and
Arthur Andersens vision is to be the partner for success in the new economy.
collectively called the Accountant Defendants below.
Nonetheless, Defendants, in agreement, concert, and conspiracy with each other, improperly
At the time of this undisclosed Change in Accounting Principle, Halliburton was having a very
The undisclosed Change in Accounting Principle and the revenue recognition arising therefrom
The Board concludes that in the preparation of financial statements there is a presumption
financial statements for the fiscal year ended December 31, 1998, and issued an unqualified
The 1998 10-K is a public record and included the 1998 Financials and the 1/25/99 Audit
|
