Defendant Name:
GlobalSantaFe Corp.
Defendant Type:
Public Company
Document Reference:
LR-21724
Document Details
Legal Case Name
SEC v. GlobalSantaFe Corp.
Document Name
SEC Charges GlobalSantaFe Corp. with Bribery and Other FCPA Violations
Document Date
04-Nov-2010
Document Format
Civil Proceeding
Case Number
10-cv-01890
Federal District Court
District of Columbia, District of Columbia
AAER
3201
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On November 4, 2010, the SEC issued a litigation release announcing that it filed a bribery and other Foreign Corrupt Practices Acts violations against GlobalSantFe Corp. Additionally, the company: "consented to the entry of a court order permanently enjoining it from violating the anti-bribery and record keeping and internal controls provisions..." The SEC also announced that: "GSF also consented to the entry of a court order requiring GSF to pay disgorgement of $2,694,405, prejudgment interest of $1,063,760, and a civil penalty of $2.1 million. The proposed settlement is subject to court approval."
Disgorgement & Penalty Information