Defendant Name:
KBR, Inc.
Defendant Type:
Public Company
SIC Code:
1629
CUSIP:
48242W10
Initial Case Details
Legal Case Name
SEC v. Halliburton Company and KBR, Inc.
First Document Date
11-Feb-2009
Initial Filing Format
Civil Proceeding
Case Number
09-cv-00399
Allegation Type
Foreign Corrupt Practices Act
Federal District Court
Texas, Southern District of Texas
Violations Alleged
•
Rule 13b2-1 Exchange Act
Related Violations Alleged
KBR, Inc. is alleged to have aided and abetted
Halliburton Company's violation of Sec 13(b)(2)(A) of the Exchange Act.
KBR, Inc. is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(A) of the Exchange Act.
KBR, Inc. is alleged to have aided and abetted
Halliburton Company's violation of Sec 13(b)(2)(B) of the Exchange Act.
KBR, Inc. is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(B) of the Exchange Act.
Resolutions
First Resolution Date
11-Feb-2009
Headline Total Penalty and Disgorgement
$177,000,000
Related Documents:
Complaint
On February 11, 2009, the SEC filed a complaint against Halliburton and KBR, Inc. The SEC stated: "This action arises from multiple violations of the Foreign Corrupt Practices Act (the "FCPA") of the federal securities laws by Defendants Halliburton Company and KBR, Inc."
SEC Charges KBR, Inc. with Foreign Bribery; Charges Halliburton Co. and KBR, Inc. with Related Accounting Violations -- Companies to Pay Disgorgement of $177 Million; KBR Subsidiary to Pay Criminal Fines of $402 Million; Total Payments to be $579 Million
The SEC announced "settlements
with KBR, Inc. and Halliburton Co. to resolve SEC charges that KBR
subsidiary Kellogg Brown & Root LLC bribed Nigerian government officials
over a 10-year period, in violation of the Foreign Corrupt Practices Act
(FCPA), in order to obtain construction contracts. The SEC also charged that KBR and Halliburton, KBR's former parent company, engaged in books and
records violations and internal controls violations related to the bribery."
2009-23
11-Feb-2009
Press Release--Civil Action
SEC Charges KBR and Halliburton for FCPA Violations
The SEC "announced settlements with KBR, Inc. and Halliburton
Co. to resolve SEC charges that KBR subsidiary Kellogg Brown & Root LLC
bribed Nigerian government officials over a 10-year period, in violation of
the Foreign Corrupt Practices Act (FCPA), in order to obtain construction
contracts. The SEC also charged that KBR and Halliburton, KBR's former
parent company, engaged in books and records violations and internal
controls violations related to the bribery."
Final Judgment as to Defendant KBR, Inc.
The court stated: "The Securities and Exchange Commission having filed a Complaint and Defendant KBR, Inc. ("KBR") having entered a general appearance; consented to the Court's jurisdiction over KBR and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."
Other Defendants in Action:
