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August 03, 2004

Halliburton pays $7.5 M to settle SEC charges

WASHINGTON (Reuters) - Halliburton Co. will pay $7.5 million to settle charges that it failed to disclose a 1998 accounting change at a time when Vice President Dick Cheney headed the company, authorities said Tuesday.
The U.S. Securities and Exchange Commission did not charge Cheney, but brought charges against the Houston-based oil services company, former Chief Financial Officer Gary Morris and former Controller Robert Muchmore.

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