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Earlier this year, Baker Hughes Inc. ascended to the top of an exclusive and prominent list, but it is one on which few companies would want be mentioned. On April 26, 2007, the Texas-based oil field products and services company announced that it was settling a federal probe alleging that it violated the Foreign Corrupt Practices Act (FCPA), and that it would pay fines and penalties in excess of $44 million — the largest combined punishment under that law. It was truly one for the record books — at least for the time being.

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