A US federal bankruptcy judge has approved asbestos insurance settlement agreements between two bankrupt units of Halliburton and more than 150 London and US based insurers.
The agreements, combined with earlier insurance settlements, will provide $1.5 billion in cash to trust funds for asbestos claimants of Halliburton's DII Industries and Kellogg, Brown & Root subsidiaries.
Halliburton said it expects to fund the trusts by the end of January 2005.
