Noble Corp. Settlement Leaves FCPA Questions Unanswered

Law360, New York (July 14, 2014, 10:09 AM EDT) -- On July 3, 2014, only a week before trial was scheduled to begin, former Noble Corp. CEO Mark Jackson and former Nigeria country manager James Ruehlen agreed to settle the U.S. Securities and Exchange Commission's pending enforcement action for violations of various provisions of the U.S. Foreign Corrupt Practices Act. These settlements represent some of the last pending enforcement actions arising from the U.S. government's enforcement efforts against Panalpina World Transport (Holding) Ltd. and certain of its customers relating to payments made through customs brokers to government officials in Nigeria and other countries to secure temporary importation permits and extensions necessary to allow their drilling rigs and other equipment to operate in Nigeria....

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