Bigger And Better: Hughes Hubbard’s 2011 Spring Alert
Richard L. Cassin
June 29, 2011
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.
Editors
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Search Results for: label/Baker Hughes – Page 2
Siemens To Plead Guilty
Richard L. Cassin
December 12, 2008
[…] submit to monitoring to ensure compliance with anti-bribery laws, reports Bloomberg. Siemens’ $800 million settlement payments would dwarf the previously highest FCPA penalty. In April 2007, Baker Hughes paid $44.1 million. Last month Siemens said it had reserved €1 billion for any settlement with U.S. authorities. “The German company,” Bloomberg says, “knowingly used off-book […]
The Supremes And The FCPA
Richard L. Cassin
September 22, 2008
[…] Enforcement Action Against Bristow Group for Improper Payment to Nigerian Gov’t Officials and Other Violations (Sept. 26, 2007), available at http://www.sec.gov/news/press/2007/2007-201.htm. 4 In the Matter of Baker Hughes Inc., SEC Admin. Proceeding File No. 3-10572, Cease & Desist Order (Sept. 12, 2001), available at http://www.sec.gov/litigation/admin/34-44784.htm; SEC v. KPMG Siddharta Siddharta & Harsono, No. H-01-3105 […]
He’s Got The FCPA Blues
Richard L. Cassin
August 3, 2008
[…] a deal with U.S. prosecutors, it is likely to pay the highest penalties ever for FCPA offenses. The current record of $44.1 million is held by Baker Hughes. Alcoa, coincidentally, has Foreign Corrupt Practices Act concerns of its own. In February this year, it was sued by Aluminum Bahrain BSC (“Alba”) for corruption and […]
Top Ten Disgorgements
Richard L. Cassin
March 14, 2011
[…] 2010. 6. Alcatel-Lucent $45 million in 2010. 7. Chevron $25 million in 2007. 8. Pride $23.5 million in 2010. 9. GE $22.5 million in 2010. 10. Baker Hughes $23 million in 2007. If we’ve missed any cases that should appear in this initial list, please let us know. For comparison, take a look at […]
How Much Will Siemens Pay?
Richard L. Cassin
January 22, 2008
[…] For questionable payments of around $1 million to secure a $180 million contract, it agreed to pay a $10.5 million penalty and $5.9 million in disgorgement. Baker Hughes currently holds the record for penalties paid in an FCPA case — $44 million. The company’s illegal payments amounted to about $5.2 million. To settle the […]
There are now 15 FCPA repeat offenders
Richard L. Cassin
September 29, 2022
[…] rises to 15. Here’s our full list of FCPA recidivists, compiled from the enforcement index on FCPA Blog+. 1. ABB Ltd. in 2004 and 2010. 2. Baker Hughes Incorporated in 2001 and 2007. 3. Deutsche Bank AG 2019 and 2021. 4. Eni S.p.A. in 2010 and 2020. 5. Goodyear International Corp. and Goodyear Tire […]
In New Top Ten, Eight Are Foreign
Richard L. Cassin
November 5, 2010
[…] join the top ten FCPA cases of all time, coming in at numbers seven, nine, and ten respectively. Dropping off the list are Willbros, Chevron, and Baker Hughes. Eight of the top ten (numbers 3 through 10) are from this year. And amazingly, eight now involve foreign companies. (Earlier this year, Paris-based Alcatel-Lucent said […]
How big a problem is corporate FCPA recidivism?
Richard L. Cassin
September 9, 2021
[…] repeat FCPA offenders. Here’s a list of corporate FCPA recidivists, compiled from the enforcement index on FCPA Blog+. 1. ABB Ltd. in 2004 and 2010. 2. Baker Hughes Incorporated in 2001 and 2007. 3. Deutsche Bank AG 2019 and 2021. 4. Eni S.p.A. in 2010 and 2020. 5. Goodyear International Corp. and Goodyear Tire […]
ABB In, Titan Out
Richard L. Cassin
October 6, 2010
[…] $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 […]