ABB joins the list of top ten FCPA settlements of all time, coming in at number seven. And after a run of five years in the top ten, Titan Corporation drops to number eleven. That means half the top ten cases are now from 2010, and six involve non-U.S. companies.
1. Siemens: $800 million in 2008.
2. KBR / Halliburton: $579 million in 2009.
3. BAE: $400 million in 2010.
4. Snamprogetti Netherlands B.V. / ENI S.p.A: $365 million in 2010.
5. Technip S.A.: $338 million in 2010.
6. Daimler AG: $185 million in 2010.
7. ABB Ltd: $58.3 million in 2010.
8. Baker Hughes: $44.1 million in 2007.
9. Willbros: $32.3 million in 2008.
10. Chevron: $30 million in 2007.
Editor’s note: This post was updated here.
Who are candidates to join the top ten?
Alcatel-Lucent, which said six months ago it will pay $137.4 million in a settlement agreed in principle with the DOJ and SEC.
Panalpina has reserved about $110 million for an expected FCPA settlement with the DOJ and SEC, and a separate antitrust resolution. In April it said the settlements should happen “in the near future.”
Pride International, Inc. said in February it has set aside $56.2 million for an expected settlement with the DOJ and SEC.