Defendant Name: Halliburton Company

Defendant Type: Public Company

Document Reference: LR-20897A

Document Details

Legal Case Name SEC v. Halliburton Company and KBR, Inc.
Document Name 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
Document Date 11-Feb-2009
Document Format Civil Proceeding
Case Number 09-cv-00399
Federal District Court Texas, Southern District of Texas
AAER 2935A
Allegation Type Foreign Corrupt Practices Act
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Compliance Related Independent Consultant
Other Compliance Related Undertaking
The court order "imposes an independent consultant for Halliburton to review its policies and procedures as they relate to compliance with the FCPA."
Monetary Penalties:

Disgorgement

Individual:     Shared:     $177,000,000.00
Shared with: KBR, Inc.

Related Documents:

complaint_09-cv-00399 11-Feb-2009 Complaint
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."
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."
court_doc9_09-cv-00399 17-Feb-2009 Court Docket Document
Final Judgment as to Defendant Halliburton Company
The court stated: "The Securities and Exchange Commission having filed a Complaint and Defendant Halliburton Company ("Halliburton") having entered a general appearance; consented to the Court's jurisdiction over Halliburton 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:

KBR, Inc.

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