EIG Hits Keppel With $660M RICO Suit Over Brazil Bribery
Law360 (February 8, 2018, 2:15 PM EST) -- Funds managed by EIG Global Energy Partners have launched a $660 million racketeering suit in New York federal court against Keppel Offshore & Marine Ltd. over its role in a Brazilian bribery scheme connected to a failed drill ship venture, for which Keppel recently reached a $422 million criminal settlement with U.S. prosecutors.
The EIG funds are already pursuing a fraud case against the Brazilian state-owned Petroleo Brasileiro SA, or Petrobras, over the demise of Sete Brasil Participacoes SA amid the bribery scandal that rocked the South American nation. In a Racketeer Influenced and Corrupt Organizations Act complaint filed Tuesday, the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!