Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

HAL- halted. Looks like another "pay day" for the parasites of our society in the legal profession.

DALLAS (Dow Jones)--The chairman of the plaintiffs committee negotiating a global asbestos litigation settlement with Halliburton Inc. (HAL) says the long-awaited deal has been completed.

New York plaintiffs attorney Perry Weitz said the parties have agreed to terms consistent with those already outlined by Halliburton, including a bankruptcy filing by Halliburton subsidiaries Kellogg Brown & Root Inc., payment of $2.775 billion in cash, and 59.5 million shares of Halliburton stock to pay asbestos claims.

He said Halliburton will be delivering details of the agreement to a Pittsburgh bankruptcy judge today.