What is the significance of the Menendez v Halliburton, Incorporated? Halliburton was able to preserve...
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What is the significance of the Menendez v Halliburton, Incorporated? Halliburton was able to preserve and show that their bill and hold method was in accordance with GAAP. Menendez was awarded his position back at Halliburton, but the actions of Halliburton were retaliatory. Appeals court panel ruled that Menendez an internal accountant had been retaliated against for blowing the whistle. The SEC agreed with Menendez about the bill and hold method; Halliburton restated their financial statements and paid penalties. 
What is the significance of the Menendez v Halliburton, Incorporated?
Halliburton was able to preserve and show that their bill and hold method was in accordance with GAAP.
Menendez was awarded his position back at Halliburton, but the actions of Halliburton were retaliatory.
Appeals court panel ruled that Menendez an internal accountant had been retaliated against for blowing the whistle.
The SEC agreed with Menendez about the bill and hold method; Halliburton restated their financial statements and paid penalties.
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