Defendant Name: KBR, Inc.

Defendant Type: Public Company

Document Reference: court_doc10_09-cv-00399

Document Details

Legal Case Name SEC v. Halliburton Company and KBR, Inc.
Document Name Final Judgment as to Defendant KBR, Inc.
Document Date 17-Feb-2009
Document Format Civil Proceeding
Case Number 09-cv-00399
Federal District Court Texas, Southern District of Texas
Federal District Judge Nancy F. Atlas
Allegation Type Foreign Corrupt Practices Act
Document Summary The court stated: "The Securities and Exchange Commission having filed a Complaint and Defendant KBR, Inc. ("KBR") having entered a general appearance; consented to the Court's jurisdiction over KBR 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."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Compliance Related Independent Consultant
Undertakings Specified in Defendant’s Consent
Monetary Penalties:

Disgorgement

Individual:     Shared:     $177,000,000.00
Shared with: Halliburton Company

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."
LR-20897A 11-Feb-2009 Litigation Release
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
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."
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."

Other Defendants in Action:

Halliburton Company

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