The Justice Department and the Securities and Exchange Commission today announced sweeping settlements against seven oil services and freight forwarding companies for bribing foreign officials, with total penalties of $236 million. Panalpina World Transport and its U.S. subsidiary admitted in documents filed in U.S. District Court for the Southern District of Texas to bribing officials in countries including Angola, Azerbaijan, Brazil, Kazakhstan, Nigeria, Russia and Turkmenistan on behalf of customers in the oil and gas industry.
Oil Services, Freight Companies Settle FCPA Claims for $236 Million
The National Law Journal
November 10, 2010
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.