By Andrew Scurria (September 4, 2013, 5:36 PM EDT) -- The U.S. Securities and Exchange Commission has wrapped up part of a probe into multinational energy companies' dealings with Libya in the Muammar Gaddafi era, informing Italian oil and gas producer Eni SpA that it won't face foreign bribery claims, the company disclosed Tuesday.
Eni had been scrutinized for two years over unspecified payments to Libyan officials that possibly violated the Foreign Corrupt Practices Act, but the SEC said in April that the investigations had been concluded "without further claims or observations," according to Eni's monthly U.S. securities filing.
The SEC first subpoenaed Eni and French energy giant Total SA in...
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!