Defendant Name: Layne Christensen Company

Defendant Type: Public Company
SIC Code: 1780
CUSIP: 52105010

Initial Case Details

Legal Case Name In the Matter of Layne Christensen Company
First Document Date 27-Oct-2014
Initial Filing Format Administrative Action
File Number 3-16216
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

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

Resolutions

First Resolution Date 27-Oct-2014

Related Documents:

34-73437 27-Oct-2014 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On October 27, 2014, the SEC instituted settled administrative proceedings against Layne Christensen Company. According to the SEC, "These proceedings arise out of violations of the anti-bribery, recordkeeping, and internal controls provisions of the Foreign Corrupt Practices Act (the "FCPA") by Layne Christensen." The SEC alleges that between 2005 and 2010, Christensen paid more than $1,000,000 to foreign government officials in Mali, Guinea, Burkina Faso, Tanzania, and the Democratic Republic of Congo, falsely recording this payment as legitimate expenses.
2014-240 27-Oct-2014 Press Release--Administrative Proceeding
SEC Charges Texas-Based Layne Christensen Company With FCPA Violations
On October 27, 2014, the SEC charged Layne Christensen Company with violations of the Foreign Corrupt Practices Act "by making improper payments to foreign officials in several African countries in order to obtain beneficial treatment and reduce its tax liability." Layne self-reported the misconduct.