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Thursday, Sep 19
Halliburton to plead guilty to criminal charge in Gulf spill case
- Halliburton (HAL -0.3%) is set to plead guilty to one criminal charge of destroying evidence after the 2010 Gulf of Mexico spill, according to court papers, nearly three and a half years after it supplied the cement for the well that blew out.
- Approval of the guilty plea would end the federal criminal probe of HAL, which would not face prosecution for any conduct that led up to the explosion and spill, but HAL still faces the possibility of having to pay billions of dollars in civil damages if it is found to have been grossly negligent.