Defendant Name: Tidewater Inc.

Defendant Type: Public Company

Document Reference: LR-21729

Document Details

Legal Case Name SEC v. Tidewater Inc.
Document Name Litigation Release
Document Date 04-Nov-2010
Document Format Civil Proceeding
Case Number 10-cv-04180
Federal District Court Louisiana, Eastern District of Louisiana
AAER 3207
Allegation Type Foreign Corrupt Practices Act
Document Summary litigation release announcing that it charged Tidewater Inc. with violating the Foreign Corrupt Practices Act. According to the SEC, the company has consented to a court order settling the charges.

Disgorgement & Penalty Information

Resolutions
Enjoinment

Related Documents:

comp21729 04-Nov-2010 Complaint
Complaint
On November 4, 2010, the SEC filed a complaint against Tidewater Inc. alleging violations of the Foreign Corrupt Practices Act.
2010-214-Tidewater Inc. 04-Nov-2010 Press Release--Civil Action
SEC Charges Seven Oil Services and Freight Forwarding Companies for Widespread Bribery of Customs Officials
On November 4, 2010, the SEC announced that it had reached a settlement with Tidewater Inc. ("Tidewater") for the company's violations of the Foreign Corrupt Practices Act. Through a subsidiary, the New Orleans-based shipping company reimbursed approximately $1.6 million to its customs broker in Nigeria from 2002 to 2007, allowing the broker to make improper payments to Nigerian customs officials and induce them to disregard regulatory requirements related to the importation of Tidewater's vessels. As part of the settlement, Tidewater, without admitting or denying the SEC's allegations, agreed to an injunction and will pay $8,104,362 in disgorgement and a $217,000 penalty. In related criminal proceedings brought by the U.S. Department of Justice, Tidewater Marine International agreed to pay a criminal fine of $7.35 million.
court_doc5_10-cv-04180 18-Nov-2010 Court Docket Document
Judgment as to Defendant Tidewater Inc.
On November 8, 2010, Federal District Judge Helen G. Berrigan entered final judgment against Tidewater Inc. pursuant to the consent of Tidewater Inc.