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"We decline to allow Halliburton to unilaterally take away the 'bargained-for rights' that Dresser and Halliburton negotiated and made on the retiree program as part of their merger agreement. The parties were free to impose contractual obligations on the right to amend or terminate the Dresser Retiree Medical Program, and they did . . . . Halliburton cannot alter the retiree program, except as consistent with the plan as amended."
September 18, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Texas Lawyer
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