Entries in Hyperdynamics Corporation (7)
During the third calendar quarter, there were five corporate FCPA enforcement actions and one individual resolution.
Hyperdynamics Corporation Tuesday settled alleged FCPA books and records and internal controls offenses by agreeing to pay the SEC $75,000.
From April through June, there were two corporate FCPA enforcement actions. There were also two individual guilty pleas, with one -- by Joseph Sigelman in the midst of his FCPA trial -- resulting in probation only and no jail time.
Hyperdynamics Corporation said Friday the DOJ has closed its FCPA investigation without bringing any charges against the company.
Tullow Oil declared force majeure on its offshore exploration block in Guinea following the disclosure that its partner, U.S.-based Hyperdynamics Corporation, is under investigation by the DOJ and SEC for possible violations of the Foreign Corrupt Practices Act.
Houston-based oil and gas company Hyperdynamics Corporation said it received a subpoena from the DOJ in September requesting documents relating to its business in the African country of Guinea.