Royal Dutch Shell, Others Settle FCPA Claims For $237M
Law360 (November 4, 2010, 5:54 PM EDT) -- Royal Dutch Shell PLC and six other companies will pay a total of $236.5 million to resolve regulators' claims that they violated the Foreign Corrupt Practices Act by spending millions bribing foreign officials.
The U.S. Securities and Exchange Commission and the U.S. Department of Justice on Thursday announced the sweeping series of settlements on civil and criminal charges alleging Shell, global freight-forwarding company Panalpina Inc., offshore-drilling contractors Transocean Ltd., Noble Corp., Pride International Inc. and Global Santa Fe Corp., and Tidewater Inc., which provides offshore-drilling support services, bribed customs officials to avoid duties, hurry the importation of goods, extend drilling contracts...
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