Defendant Name: Transocean Inc.

Defendant Type: Public Company
SIC Code: 1381
CUSIP: H8817H10

Initial Case Details

Legal Case Name SEC v. Transocean Inc.
First Document Date 04-Nov-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-01891
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-21725 04-Nov-2010 Litigation Release
SEC Charges Transocean For Bribery Scheme in Nigeria - Transocean To Pay Disgorgement and Civil Penalties of $7,265,080
On November 4, 2010, the SEC issued a litigation release announcing that it filed a settled enforcement action against Transocean Inc. with violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act. According to the SEC: "Transocean has agreed to pay disgorgement, interest, and a civil penalty totaling $7,265,080 to settle the charges."
comp21725 04-Nov-2010 Complaint
On November 4, 2010, the SEC filed a complaint against Transocean Inc. alleging violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act.
2010-214-Transocean Inc. 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 Transocean Inc. ("Transocean") for the company's violations of the Foreign Corrupt Practices Act. An international provider of offshore drilling services to oil companies throughout the world, Transocean made illicit payments from at least 2002 to 2007 through its customs agents to Nigerian government officials in order to extend the temporary importation status of its drilling rigs. Bribes also were paid to obtain false paperwork associated with its drilling rigs and obtain inward clearance authorizations for its rigs and a bond registration. As part of the settlement, Transocean, without admitting or denying the SEC's allegations, agreed to an injunction and will pay disgorgement and prejudgment interest of $7,265,080. In related criminal proceedings brought by the U.S. Department of Justice, Transocean and Transocean Ltd. agreed to pay a criminal fine of $13.44 million.
court_doc3_10-cv-01891 09-Nov-2010 Court Docket Document
Final Judgment of Defendant Transocean Inc.
On November 9, 2010, Federal District Judge John D. Bates entered final judgment against Transocean Inc. pursuant to the consent of Transocean Inc.