Settlements may be near

It is reported that both Halliburton and Honeywell are near to reaching settlements with plaintiffs for the majority of claims. Halliburton has offered US$4bn made up of US$2.8bn cash plus 60mn shares of the company’s common stock in settlement of 300,000 claims and Honeywell’s offer, while smaller, is thought to also be substantial. But even initial agreement will still leave a minefield of potential challenges in court.