For the third time, Baker Hughes has beaten back a derivative suit based on its 2007 settlement of Foreign Corrupt Practices Act violations. It paid $44 million to resolve enforcement actions by the Justice Department and Securities and Exchange Commission related to bribery in Kazakhstan. Since then, plaintiffs have tried to sue in state […]
Search Results for: label/Baker Hughes
[…] Business and Ethics Roundtable (GHBER) will hold its first Ethics and Compliance Awards Dinner in honor of the 20-year anniversary of the organization’s founding. We will award the Bette Stead Leadership Award (Stead is the founder of GHBER) to Jay Martin, Vice President, Chief Compliance Officer and Senior Deputy General Counsel at Baker Hughes […]
[…] were $21 million instead of $44 million. Baker’s DPA at paragraph 24 of the statement of facts says: “Net revenues realized by Baker Hughes on the Karachaganak project were $189.2 million. After offsetting net revenues by the company’s expenses, Baker Hughes recognized a profit of approximately $19.9 million.”
The sentencing guidelines, […]
Hughes Hubbard’s annual FCPA reviews are new kids on the block. But we don’t know a better source for FCPA and compliance-related information.
Image courtesy of Hughes HubbardHughes Hubbard, a long-time sponsor of the FCPA Blog, has published once again a new version of its FCPA/Anti-Bribery Alert, an invaluable resource for compliance professionals. The 508-page Alert is available […]