Blackwater To Pay $42M For Export Violations

Law360, New York (August 23, 2010, 5:12 PM EDT) -- Following a two-and-a-half-year investigation by the U.S. Department of State, the private security company formerly called Blackwater Worldwide has agreed to pay $42 million to settle allegations of nearly 300 separate violations of U.S. export laws.

The State Department's Directorate of Defense Trade Controls on Friday made public a consent agreement with the company, now known as Xe Services LLC, which spares it from possible criminal charges and allows it to continue doing business with the government.

Several of the alleged violations date back to 2005...
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