KBR's wholly-owned subsidiary, M.W. Kellogg Limited, has settled civil corruption charges with the U.K. Serious Fraud Office.
Entries in Technip (48)
KBR's former CEO, Albert "Jack" Stanley, left, who presided over a $180 million oversees bribery scheme, won't be sentenced until at least March 30.
The London lawyer accused by American authorities of helping KBR and its partners bribe Nigerian officials lost his battle against extradition yesterday.
n the top ten FCPA settlements of all time, eight are now from 2010 and eight also involve non-U.S. companies.
Attorney Thomas Fox looks back on 2010's most memorable enforcement actions.
Wojciech Chodan, KBR's former commercial vice president at a U.K. subsidiary, pleaded guilty today to conspiring to violate FCPA.
With Panalpina, Pride, and Shell joining the top ten FCPA settlements of all time, there are now eight foreign companies on the list.
British banks accepted deposits from corrupt Nigerian politicians even after regulators issued specific warnings, according to a report released Monday by NGO Global Witness.
ABB joins the list of top ten FCPA settlements of all time, and Titan Corporation drops to number eleven. Here's the latest list, with a few candidates that may join soon.
Here are the top ten FCPA settlements of all time. If our math is right, the financial penalties (criminal fines, civil disgorgement, and prejudgment interest) add up to $2.8 billion, with almost 50% of that coming from the top two settlements. Five of the top six involve non-U.S. companies. The oldest case on the list is Titan Corporation's from 2005; the newest is Snamprogetti / ENI's from July 7, 2010.
1. Siemens: $800 million in 2008.
2. KBR / Halliburton: $579 million in 2009.
3. BAE: $400 million in 2010.
4. Snamprogetti Netherlands B.V. / ENI S.p.A: $365 million in 2010.
5. Technip S.A.: $338 million in 2010.
6. Daimler AG: $185 million in 2010.
7. Baker Hughes: $44.1 million in 2007.
8. Willbros: $32.3 million in 2008.
9. Chevron: $30 million in 2007.
Editor's note: This post was updated here.