Defendant Name: GlobalSantaFe Corp.

Defendant Type: Public Company
SIC Code: 1381
CUSIP: G3930E10

Initial Case Details

Legal Case Name SEC v. GlobalSantaFe Corp.
First Document Date 04-Nov-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-01890
Allegation Type Foreign Corrupt Practices Act
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Exchange Act
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Sec 30A


First Resolution Date 04-Nov-2010
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

LR-21724 04-Nov-2010 Litigation Release
SEC Charges GlobalSantaFe Corp. with Bribery and Other FCPA Violations
On November 4, 2010, the SEC issued a litigation release announcing that it filed a bribery and other Foreign Corrupt Practices Acts violations against GlobalSantFe Corp. Additionally, the company: "consented to the entry of a court order permanently enjoining it from violating the anti-bribery and record keeping and internal controls provisions..." The SEC also announced that: "GSF also consented to the entry of a court order requiring GSF to pay disgorgement of $2,694,405, prejudgment interest of $1,063,760, and a civil penalty of $2.1 million. The proposed settlement is subject to court approval."
comp21724 04-Nov-2010 Complaint
On November 4, 2010, the SEC filed a complaint against GlobalSantaFe Corp. According to the SEC: "From approximately January 2002 through July 2007, GlobalSantaFe Corp. ('GSF') violated the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act (the 'FCPA') when GSF made illegal payments through customs brokers to officials of the Nigerian Customs Service ('NCS') in order to obtain preferential treatment during the customs process for the purpose of assisting GSF in retaining business in Nigeria."
2010-214-GlobalSantaFe Corp. 04-Nov-2010 Press Release--Civil Action
SEC Charges Seven Oil Services and Freight Forwarding Companies for Widespread Bribery of Customs Officials
On November 4, 2010, the SEC announced that it had reached a settlement with GlobalSantaFe Corp. ("GSF") for the company's violations of the Foreign Corrupt Practices Act. GSF, a provider of offshore drilling services, made illegal payments through its customs brokers from approximately 2002 to 2007 to officials of the Nigerian Customs Service to secure documentation showing that its rigs had left Nigerian waters. The rigs had in fact never moved. GSF also made other payments to government officials in Gabon, Angola, and Equatorial Guinea. As part of the settlement, GSF, without admitting or denying the SEC's allegations, agreed to an injunction and will pay disgorgement of $3,758,165 and a penalty of $2.1 million.
court_doc3_10-cv-01890 05-Nov-2010 Court Docket Document
Final Judgment as to Defendant GlobalSantaFe Corp.
On November 4, 2010, Federal District Judge Rosemary M. Collyer entered final judgment against GlobalSantaFe Corp. pursuant to the consent of GlobalSantaFe Corp.