Noble Execs Fight SEC Charges

As reported today by Mike Koehler, two executives from oil services firm Noble Corporation filed motions to dismiss complaints brought against them in February by the Securities and Exchange Commission that alleged they bribed officials in Nigeria in exchange for illegal import permits for drilling rigs.

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To Mexico, from Nigeria, via Kazakhstan: On the Trail of a Great Idea (Part 2)

Last post, I discussed the proposal from Nigeria’s Social-Economic Rights and Accountability Project to establish a mechanism for using the proceeds of FCPA settlements to help bribery victims.

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To Mexico, from Nigeria, via Kazakhstan: On the Trail of a Great Idea (Part 1)

Yesterday, Benjamin Kessler wrote a stirring defense of what he called “one of the most altruistic FCPA amendments yet proposed:” adopting a system to share the proceeds of FCPA settlements with the victims of bribery.

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Giving Back To The Victims

In March the Nigerian human rights group SERAP (Socio-Economic Rights and Accountability Project) sent a letter to the SEC outlining one of the most altruistic FCPA amendments yet proposed.

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Willbros Wins Final Dismissal

Willbros Group, Inc. said in an SEC filing that the FCPA charges against it were formally dismissed this month.

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Stanley Sends Big Check To KBR

Jack Stanley paid his former employer Kellogg, Brown & Root LLC $9.25 million last week as partial restitution for kickbacks he took when he ran the company.

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African NGO Asks For Distribution Of FCPA Recoveries

A prominent NGO in Nigeria recently asked the SEC’s Enforcement Division to establish a process enabling foreign government entities victimized by FCPA violations, on a case-by-case basis, to apply for some or all of the civil penalties and disgorgement proceeds companies agree to pay to settle SEC investigations.

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Noble Execs Charged By SEC

Three executives from oil services firm Noble Corporation were charged today by the Securities and Exchange Commission with bribing officials in Nigeria in exchange for illegal import permits for drilling rigs.

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Tesler Gets 21 Months

The London lawyer who delivered more than $130 million in bribes to Nigerian officials was sentenced today in Houston to 21 months in federal prison.

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For Chodan, Probation Only

Wojciech Chodan, the former U.K.-based KBR manager charged with helping his company and its partners pay $180 million in bribes to Nigerian officials, was given a very lenient sentence today by Judge Keith P Ellison in federal court in Houston.

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