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« Giving A Voice To Compliance Professionals | Main | 2011 Enforcement Index »
Tuesday
Jan032012

Corporate Enforcement Since 2006 

Yesterday we posted our 2011 FCPA enforcement index. Today we look at corporate enforcement for the years from 2006.

Here goes:

In 2011, 15 companies paid $508.6 million in criminal and civil penalties, and in disgorgement and interest.

In 2010, 23 companies paid $1.8 billion.

In 2009, 11 companies paid $644 million.

In 2008, 11 companies paid $890.

In 2007, 15 companies paid $128 million.

And in 2006, 4 companies paid $86.25 million.

Here's a breakdown (our first) for 2007 and 2006.

For 2007:

Aibel -- $4.2 million

Baker Hughes -- $44 million

Bristow Group -- nil

Chevron -- $28 million

Delta Pine -- $300,000

Dow Chemical -- $325,000

El Paso Corporation -- $2.25 million

Immucor -- nil

Ingersoll-Rand -- $4.2 million

Lucent -- $1.5 million

Omega Advisers -- $500,000

Paradigm -- $1 million

Textron -- $3.5 million

Vetco Gray -- $26 million

York -- $12 million

And for 2006:

Oil States -- nil

Schnitzer Steel -- $15.25 million

Statoil -- $21 million

Tyco -- $50 million (plus $1 disgorgement)*

*Most of the charges against Tyco were for securities law violations other than FCPA offenses. The final judgment didn't allocate the penalties.

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