Halliburton settlement gets 75% acceptance

US oil group Halliburton has said that 75% of plaintiffs in asbestos-related lawsuits against its subsidiary DII Industries and DII’s Kellogg Brown & Root (KBR) unit have accepted the global US$4bn settlement proposed by Halliburton last December Halliburton announced the filing of an affidavit with the court, stating that DII and KBR ‘have definitive written agreements, or written ‘highly confident’ representations that such definitive agreements are forthcoming, from attorneys representing an estimated 75% of claimants.’