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Pics of Larry Klayman "in action" this morning at the Haliburton-Cheney Lawsuit Press Conference
Yahoo-AP ^ | 07.10.02 | AP-Via Yahoo

Posted on 07/10/2002 2:31:48 PM PDT by Registered

Larry Klayman, chairman and general council of Judicial Watch, holds a news conference on suit filed against Vice President Dick Cheney in Miami Wednesday, July 10, 2002. The group said it was suing Cheney and Halliburton Co., the oil services company he ran for five years, alleging fraudulent accounting practices at the company. (AP Photo/Hillery Smith Garrison)

Larry Klayman, chairman and general counsel of Judicial Watch, holds a news conference in Miami to announce that Judicial Watch has filed a lawsuit against Vice President Dick Cheney Wednesday, July 10, 2002. The group said it was suing Cheney and Halliburton Co., the oil services company he ran for five years, alleging fraudulent accounting practices at the company. (AP Photo/Hillery Smith Garrison)

Larry Klayman, chairman and general counsel of Judicial Watch, holds a news conference on a suit filed against Vice President Dick Cheney in Miami Wednesday, July 10, 2002. The group is suing Cheney and Halliburton Co., the oil services company he ran for five years, alleging fraudulent accounting practices at the company. (AP Photo/Hillery Smith Garrison)


TOPICS: Activism/Chapters; Anthrax Scare; Constitution/Conservatism; Crime/Corruption; Culture/Society; Front Page News; Government; Miscellaneous; News/Current Events; Politics/Elections; US: Florida
KEYWORDS: accountingstuff; andersen; beancounters; bigoil; blackgold; cheney; codpiece; corporatecrime; crimefightersrus; dicks; judicialwatch; jwbadge; klayman; larry; larryklayman; smalloil; texastea; vicepresident
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I believe Luis Gonzalez will be putting up the audio later.
1 posted on 07/10/2002 2:31:48 PM PDT by Registered
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To: Registered
Larry's gotta be loving this. A whole new source of contributions has just opened up. As to the presstitutes, a pox on their dishonest houses....
2 posted on 07/10/2002 2:33:31 PM PDT by eureka!
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To: Fred Mertz
Bttt
3 posted on 07/10/2002 2:34:49 PM PDT by Registered
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To: Registered
What really pisses them off about Cheney is that when he was elected VP, he was forced to sell his Halliburton stock. He got out near the top, before it tanked....
4 posted on 07/10/2002 2:37:11 PM PDT by ken5050
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To: Registered
Why, he's beginning to look like a terrorist!
5 posted on 07/10/2002 2:38:43 PM PDT by ned
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To: Registered
It would be nice if Judicial Watch would go after real issues, instead of falling into these false issues, already disclosed and investigated issues that the democrats want to use against Republicans.
6 posted on 07/10/2002 2:39:26 PM PDT by roylene
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To: Registered
There is an unfortunate shadow in the top pic; makes Larry look like he's wearing a codpiece...a rather flat codpiece...
7 posted on 07/10/2002 2:41:45 PM PDT by hellinahandcart
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To: roylene
Larry Klayman, John McCain, & Jumpin Jim Jeffords are equally loyal to the conservative point of view.
8 posted on 07/10/2002 2:43:28 PM PDT by lideric
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To: Registered
Look on the bright side, he could be doing real damage like taking suits against the pledge of allegiance or something. As is he has himself a nice little niche where the only folks who get hurt are the donors.

Since FR has long since spotted his scam even while he was pursuing Clinton I say we just ignore him while encouraging the libs and press to waste their time and money on him.

9 posted on 07/10/2002 2:44:17 PM PDT by VRWC_minion
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To: lideric
Very impressive retort.
10 posted on 07/10/2002 2:45:16 PM PDT by roylene
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To: Registered
I believe Luis Gonzalez will be putting up the audio later

Is it the background music to Jaws ?

11 posted on 07/10/2002 2:45:44 PM PDT by VRWC_minion
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To: Registered
The dispute seems to center around this:
In the NYTimes on May 22, 2002, in an investigative report, certain allegations surfaced concerning Halliburton's accounting treatment of construction job claims and change orders which are negotiated with customers.

Prior to 1998 and the merger with Dresser, the company did not record such items in revenue or accounts receivable before they were resolved with the customer.

The company disclosed in its Form 10-K for 1998 that it had recorded losses on certain engineering and construction projects related to current year claims and change orders which it did not feel would be accepted by customers.

Furthermore, in instances where unapproved claims and change orders were recognized in revenue and accounts receivable, no profits at all were recognized on the related projects.

During 1998, the Company began to record such items in revenue and accounts receivable when the company expected such items to be collectible from the customer.

The company has continued this accounting treatment of similar items since 1998 and has never recorded a profit on a job where an unapproved claim or change order has been recorded in revenue.

I'm going to try and search FR archives for this article.
12 posted on 07/10/2002 2:48:07 PM PDT by Carolina
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To: hellinahandcart
...a rather flat codpiece...

By Jove! That is rather flat, isn't it? Poor chap.

13 posted on 07/10/2002 2:48:11 PM PDT by Bloody Sam Roberts
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To: ken5050
Ken,

Would you look at post #12 and elucidate for us what that all means? Thanks.

14 posted on 07/10/2002 2:50:36 PM PDT by Carolina
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To: Bloody Sam Roberts; Registered
That is rather flat, isn't it? Poor chap.

Well, maybe Registered can give Larry what Nature didn't. :D

15 posted on 07/10/2002 2:50:58 PM PDT by hellinahandcart
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To: Carolina
Determining annual profit for long term construction contracts are totally guesses by management. Not until the job is complete is it possible to determine actual profits.

Here is the problem, income for a year on a job that takes 5 years to finish must be estimated. How much of the job was finished in any one year ? How much in profits must be realized.

16 posted on 07/10/2002 2:53:54 PM PDT by VRWC_minion
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To: hellinahandcart
I assume that you mean by using Photoshop?
17 posted on 07/10/2002 2:54:27 PM PDT by Clara Lou
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To: Registered
After all the great things he has sued over that received no attention from the large media. Now he goes after Cheney.....suddenly Reuters, AP, NYT, LAT and CNN are all over it. Just another case of bias.
18 posted on 07/10/2002 2:58:52 PM PDT by AdA$tra
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To: Registered
Broadcast veterans Jane Chastain and Russ Verney host The Judicial Watch Report on the USA Radio Network for the public interest law firm Judicial Watch "

Bush better watch his back. Russ Verney the axe man for Ross Perot did his deed on Pat Buchanan during the last election. Verney now works for Klayman as his Southwest Regional Director.

19 posted on 07/10/2002 3:01:28 PM PDT by ex-snook
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To: Registered
I wonder why the media photographer is under his desk?
20 posted on 07/10/2002 3:02:59 PM PDT by jumpstartme
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To: eureka!

21 posted on 07/10/2002 3:04:31 PM PDT by Dog
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To: jumpstartme
I wonder if Larry Klayman really thinks Dick Cheney is not an honorable man?
22 posted on 07/10/2002 3:07:00 PM PDT by Republic
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To: Registered
What's he doing with his hands in that first photo?
23 posted on 07/10/2002 3:07:58 PM PDT by Jhoffa_
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To: jumpstartme
I wonder why the media photographer is under his desk?

Because he's accusing a conservative.

24 posted on 07/10/2002 3:08:56 PM PDT by dead
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To: ken5050
"Forced" being the operative word there.
25 posted on 07/10/2002 3:11:17 PM PDT by Howlin
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To: ex-snook
I think Perot is backing Klayman now.
26 posted on 07/10/2002 3:13:40 PM PDT by Howlin
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To: Republic
Yes, he does.
27 posted on 07/10/2002 3:14:11 PM PDT by Howlin
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To: Carolina
It's really a tempest in a teapot. Companies like Halliburton, which do long term contracts with their customers, make many assumptions on their books. GAAP gives a firm a wide range of latitude for their rationale. However, when a company changes the methodology of its accounting, as Halliburton did in this case, it usually occurs for one of two reasons:

1. The company feels the change better reflects its true finances, or

2. It's playing games with the books..... Also, all companies, to some extent, try to smooth out earnings to avoid violent gyrations. This is done by manipulating the books to some extent, but isn't necessarily bad..

Look, simplistic example..lets say that that each year for the last 10 years, XYZ corp had sales to its one customer of $1,000,000 each year. Nice steady business. Each year it signed a new contract, and everything is OK. However, let's assume that forwhatever reasons, in 5 of those 10 years, there was a short delay in signing the contract with the one customer, because the president of that company went on a cruise every two years, and got back 30 days later, after XYZ had closed its books for the year.....XYZ's books would have then reflected sales of $2 million in years 1,3,5,7,9, and sales of ZERO in years 2,4,6,8,and 10...esentially nothing has changed, yet the financial numbers look all over the place.....

28 posted on 07/10/2002 3:17:13 PM PDT by ken5050
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To: Clara Lou
LOL, yes, I meant via Photoshop.

Something in black leather with metal studs, maybe.

29 posted on 07/10/2002 3:18:33 PM PDT by hellinahandcart
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To: roylene
It would be nice if Judicial Watch would go
30 posted on 07/10/2002 3:20:13 PM PDT by billhilly
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To: Howlin
Everyday, it is becoming more and more apparent that Klaymans agenda is "all about Klayman." and "ONLY" about Klayman.

His ego is beginning to show more and more with the issues that he "fronts," and, idealogy and conservatism have nothing to do with this man whose moral bankruptcy is being filed each day with each new lawsuit.

31 posted on 07/10/2002 3:27:30 PM PDT by stlrocket
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To: roylene
It would be nice if Judicial Watch would go after real issues, instead of falling into these false issues, already disclosed and investigated issues that the democrats want to use against Republicans.

It ain't gonna happen. Judicial Watch is all about making money. Back in the Clintoon days, I was on their mailing list. They had obviously obtained the names of certified Clinton-Haters and sent out regular solicitations for donations. They were suing the Clinton Administration for this and for that and claiming to be uncovering all kinds of dirt. (Actually, none of their suits ever amounted to a hill of beans.) Fortunately, I never gave them any money.

Now, they have gotten the names of the Bush-Haters and here come the mail-outs asking for donations so JW can prove what crooks Bush and Cheney are. It's all a big joke, and klayman is raking in the dough.

The only difference is that when Klayman was attacking Clinton, he was either ignored by the press or depicted as a right-wing nut. Now, Judicial is a respected, non-partisan "Watchdog" group according to current press reports.

32 posted on 07/10/2002 3:28:27 PM PDT by San Jacinto
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To: Registered
As an avid loather of all things that pertain to #42,and all that baggage of 8 ugly years,I almost contributed to L.K.'s cause many times.I am proud to say,I never caved in and donated,and now,with this,I just couldn't live w/ myself knowing I'd helped him turn on Dick Cheney's former company.Biased?You bet I am.He's doing this to prove he's an equal opportunity lawyer.All this time he's been called a Clinton Hater,he gets to prove himself by simply issuing the suit.
33 posted on 07/10/2002 3:29:23 PM PDT by Pagey
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To: stlrocket
Klayman must be in HOG heaven tonight


Yahoo! News Story Matches 1 - 20 of 27 | Next 7 >
Premium Matches: Show | Hide
Watchdog Group Sues Halliburton, Cheney (Reuters)
..." Larry Klayman, chairman of the Washington-based group said in Miami,...
- Jul 10 4:49 PM ET

Suit Claims Fraud by Cheney, Oil Co. (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch, a nonpartisan group based in Washington....
- Jul 10 4:44 PM ET

Watchdog group sues Vice President Dick Cheney, Halliburton Co., alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch, a nonpartisan group based in Washington....
- Jul 10 4:49 PM ET

Group called Judicial Watch sues Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 3:04 PM ET

Cheney, Oil Co. Face Fraud Suit (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 1:23 PM ET

Group sues Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 11:59 AM ET

Group suing Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." said Larry Klayman, chairman and general counsel of Judicial Watch....
- Jul 10 12:02 PM ET

Group Sues Cheney, Halliburton over Accounting (Reuters)
..." Larry Klayman, chairman of the Washington-based Judicial Watch, told reporters in Miami,...
- Jul 10 11:01 AM ET

Judicial Watch suing Vice President Cheney, Halliburton, alleging accounting fraud (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 10 6:58 AM ET

D.C. Group to Sue Cheney, Oil Co. (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 10 4:04 AM ET

Group Plans to Sue VP Dick Cheney (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 10 2:54 AM ET

Judicial Watch plans to sue Vice President Dick Cheney, Halliburton, alleging accounting fraud (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 09 11:54 PM ET

Watch Group to File Suit Vs. Cheney (AP)
..." Judicial Watch chairman and general counsel Larry Klayman said Tuesday night in Miami....
- Jul 09 11:10 PM ET

Judicial Watch to Sue Cheney, Halliburton (Reuters)
..." Larry Klayman, chairman and general counsel at Judicial Watch, said in a statement....
- Jul 09 11:12 PM ET

34 posted on 07/10/2002 3:29:51 PM PDT by Howlin
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To: San Jacinto
Now, they have gotten the names of the Bush-Haters and here come the mail-outs asking for donations so JW can prove what crooks Bush and Cheney are. It's all a big joke, and klayman is raking in the dough.

Well, it's not working; he took in almost 25 million in 2000 and he only took in 15 million in 2001. Wonder why????

35 posted on 07/10/2002 3:31:19 PM PDT by Howlin
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To: Registered
Is he starting to look like Andy Warhol?
36 posted on 07/10/2002 3:31:33 PM PDT by Tijeras_Slim
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To: ken5050
So what does that say about Klayman's suit?
37 posted on 07/10/2002 3:31:56 PM PDT by Howlin
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To: Howlin
It sure would be interesting to compare the volume and type of press coverage Judicial Watch gets when it goes after Bush-Cheney compared to the coverage they got when they sued Clinton, wouldn't it?
38 posted on 07/10/2002 3:33:11 PM PDT by San Jacinto
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To: Howlin
And, in contrast, just how many of his cases against x42 ever got one word of mention in the national media?

Nah! They're not biased a bit!

39 posted on 07/10/2002 3:36:28 PM PDT by kayak
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To: Registered

Larry and David: Soulmates

40 posted on 07/10/2002 3:38:10 PM PDT by Slyfox
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To: Howlin
IMHO, it's a crock...assissination by innuendo...but Klayman is trying to get coverage across political lines, and he knows the media is gonna be on this like white on rice.....watch for his fundraising profile to increase....he's growing his operaion, and he's got a big nut to crack....
41 posted on 07/10/2002 3:38:10 PM PDT by ken5050
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To: Pagey
ABC News just had about a 5 minute report on this lawsuit. Interesting.
42 posted on 07/10/2002 3:38:16 PM PDT by Registered
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To: Tijeras_Slim
He looks to me like an Apple Head Doll.


43 posted on 07/10/2002 3:39:04 PM PDT by Hillary's Lovely Legs
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To: San Jacinto
You know, I want to ask a question. Assuming that there is merit to this lawsuit (which I don't believe for a minute) could it not have waited until AFTER we invade Iraq? I mean, is this lawsuit so important to these two plaintiffs (one of whom bought the stock a year ago and has actually made money, while the other bought in November of last year) that they couldn't have delayed their lawsuit? Could they not have just sued Halliburton to recover whatever money they were owed? Why is it so necessary to go after Cheney during a time of war?

Let me once again state that I do not believe Cheney is guilty of any wrong-doing. What I want to know is how important this suit is to these plaintiffs in comparison to their nation's winning the war. And how did someone from Indiana and someone from New Mexico get hooked up with Klaymamn, anyway?

I have LOTS of questions, as you can see!

44 posted on 07/10/2002 3:39:34 PM PDT by Miss Marple
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To: Registered
Didn't Clinton claim some obscure "Captain of the Ship" rule to try to postpone the Jones inquiry, and wouldn't it be fitting if Cheney claimed it in this case?
45 posted on 07/10/2002 3:51:45 PM PDT by IncPen
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To: Registered
How is Larry doing on getting those Gore e-mails. Seems he was interested in that a while back...

He's going to get plenty of money if he goes after the "right" person and he knows it. The sad part is that he's going to get more press on this than he deserves.

46 posted on 07/10/2002 3:51:46 PM PDT by The Brush
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To: Dog
No, no. Ambulance chasers belong in FRONT of the truck....
47 posted on 07/10/2002 3:55:45 PM PDT by Fracas
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To: eureka!
A whole new source of contributions...

My first thoughts as well. I was loosing respect for Larry in the past but now I can say it is gone.

48 posted on 07/10/2002 3:59:50 PM PDT by blackbart1
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To: blackbart1
They just called Larry a gadfly on FOX NEWS. heh heh
49 posted on 07/10/2002 4:01:08 PM PDT by blackbart1
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To: San Jacinto
Well, you can go to the MEDIA thingy at Judicial Watch and scroll back through the years, at least to '97.

Klayman archives ALL articles about him in the press. You'll see there aren't many at ALL until 2001 or so.

50 posted on 07/10/2002 4:07:34 PM PDT by Howlin
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