On July 7, 2010, the SEC filed a complaint against ENI, S.p.A. and Snamprogetti Netherlands B.V. for multiple FCPA violations. The SEC alleged that between 1995 and 2004, ENI and subsidiary Snamprogetti bribed Nigerian officials to assist in obtaining contracts worth over $6 billion. The SEC alleged that ENI violated Sections 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act.

On July 7, 2010,the SEC announced that it charged Italian company ENI, S.p.A. ("ENI") and its former Dutch subsidiary Snamprogetti Netherlands B.V. ("Snamprogetti") with multiple violations of the Foreign Corrupt Practices Act ("FCPA") in a bribery scheme that included deliveries of cash-filled briefcases and vehicles to Nigerian government officials to win construction contracts. According to the complaint against ENI and Snamprogetti, filed in federal district court in Houston, the SEC alleges, among other things, that ENI failed to ensure that Snamprogetti complied with ENI's internal controls concerning the use of agents, and that the books and records of both companies were falsified as a result of the bribery scheme. Without admitting or denying the SEC's allegations, ENI has consented to the entry of a court order permanently enjoining it from violating the recordkeeping and internal controls provisions in Sections 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act, and Snamprogetti has consented to the entry of a court order permanently enjoining it from violating the anti-bribery and recordkeeping and internal controls provisions in Sections 30A and 13(b)(5) of the Securities Exchange Act of 1934 and Rule 13b2-1. Both companies also consented to the entry of court orders that require them, jointly and severally, to pay $125 million in disgorgement. The proposed settlements remain subject to court approval. Additionally, to settle separate criminal proceedings brought by the U.S. Department of Justice, Snamprogetti agreed to pay an additional $240 million penalty.

On July 20, 2010, Federal District Judge Kenneth M. Hoyt entered final judgment against Snamprogetti Netherlands, B.V. pursuant to the consent of Snamprogetti Netherlands, B.V.