July 03, 2012
A Louisiana federal judge on Monday said a disgruntled Tidewater Inc. shareholder should have brought his grievances to his board of directors before filing a derivative action over the offshore oil servicer's $15 million settlement of civil and criminal charges under the Foreign Corrupt Practices Act.
February 17, 2011
A Tidewater Inc. shareholder has launched a derivative suit against the offshore services provider's top brass over alleged Foreign Corrupt Practices Act violations that cost the company $15 million in enforcement settlements.