Law360 (March 17, 2009, 12:00 AM EDT) -- The U.S. Department of Justice and U.S. Securities and Exchange Commission are continuing with a more than yearlong investigation into Shell Oil for alleged violations of the Foreign Corrupt Practices Act in connection with a Swiss shipping company, Shell disclosed Tuesday.
Shell parent company Royal Dutch Shell PLC called the investigation a "risk factor" in a 20-F filing with SEC. The DOJ first contacted Shell in July 2007 regarding Shell's use of the freight forwarding firm Panalpina Inc. and potential violations of the FCPA, according to the filing.
"The investigation is looking at certain payments that were made by Panalpina on...
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!