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Halliburton to Pay $4B to Settle Asbestos Claims

Halliburton Co., the giant Houston-based oilfield-services firm once led by Vice President Dick Cheney, agreed Wednesday to pay about $4 billion in cash and stock to settle thousands of asbestos claims. The deal would cover about 300,000 current and future cases, mostly involving people who were exposed to asbestos while working at plants that produced the material or in places, such as steel mills, where asbestos was used.

December 19, 2002 at 12:00 AM

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