August 3, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Halliburton Company (NYSE:HAL) shares over potential securities laws violations by Halliburton Company (NYSE:HAL and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Halliburton Company (NYSE:HAL) concerning whether a series of statements by Halliburton Company (NYSE:HAL regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 21, 2011, Halliburton Company (NYSE:HAL) disclosed an internal investigation into possible violations of the Foreign Corrupt Practices Act (''FCPA'') by Halliburton Company personnel in Angola.
On July 27, 2017, the U.S. Securities and Exchange Commission announced that Halliburton Company would pay $29.2 million in fines and penalties to settle allegations of FCPA violations in connection with the Company's Angolan operations.
Shares of Halliburton Company (NYSE:HAL) declined to as low as $40.71 per share on August 8, 2017.