On June 28, 2010, the SEC filed a complaint against Technip. The SEC alleged that "senior executives at Technip, among others, devised and implemented a scheme to bribe Nigerian government officials to assist in obtaining multiple contracts worth over $6 billion to build liquefied natural gas production facilities on Bonny Island, Nigeria."

On June 28, 2010, the SEC announced a settlement with Technip for multiple violations of the FCPA. The SEC alleges that Technip "was part of a four-company joint venture that bribed Nigerian government officials over a 10-year period in order to win construction contracts in Nigeria worth more than $6 billion. The SEC also charged that Technip engaged in books and records and internal controls violations related to the bribery."

On June 28, 2010, the SEC announced a settlement with Technip--a global engineering, construction and services company based in Paris, France--for multiple violations of the Foreign Corrupt Practices Act ("FCPA"). The SEC had alleged that Technip was part of a four-company joint venture that bribed Nigerian government officials over a 10-year period in order to win construction contracts worth more than $6 billion. The SEC also charged that Technip engaged in books and records and internal controls violations related to the bribery. Without admitting or denying the SEC's allegations, Technip has consented to the entry of a court order permanently enjoining it from violating the federal securities laws and ordering Technip to disgorge $98 million in ill-gotten profits derived from the scheme and prejudgment interest. The proposed settlement remains subject to court approval. In a related criminal proceeding, the U.S. Department of Justice ("DOJ") filed a criminal action against Technip, charging one count of conspiring to violate the FCPA and one count of violating the anti-bribery provisions of the FCPA. Technip has entered into a deferred prosecution agreement with the DOJ and agreed to pay a criminal penalty of $240 million.