Parker Drilling Shells Out $16M To Settle FCPA Actions

Law360, New York (April 16, 2013, 3:54 PM EDT) -- The U.S. Department of Justice and the U.S. Securities and Exchange Commission on Tuesday signed off on a nearly $16 million deal with Parker Drilling Co. to resolve allegations that the drilling services company violated the Foreign Corrupt Practices Act by improperly influencing Nigerian officials to reduce a $3.8 million customs penalty. 

Parker agreed to pay $11.76 million to the DOJ, and roughly $4 million in disgorgement and prejudgment interest to the SEC to settle a related civil suit.

The investigation of Houston-based Parker stems from...
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