Defendant Name:
Noble Corporation
Defendant Type:
Public Company
Document Reference:
2010-214-Noble Corporation
Document Details
Legal Case Name
SEC v. Noble Corporation
Document Name
SEC Charges Seven Oil Services and Freight Forwarding Companies for Widespread Bribery of Customs Officials
Document Date
04-Nov-2010
Document Format
Civil Proceeding
Case Number
10-cv-04336
Federal District Court
Texas, Southern District of Texas
Federal District Judge
Berman
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On November 4, 2010, the SEC announced that it had reached a settlement with Noble Corporation ("Noble") for the company's violations of the Foreign Corrupt Practices Act. An offshore drilling services provider, Noble authorized payments by its Nigerian subsidiary to its custom agent to obtain false documentation from Nigerian Customs Service officials to show export and reimport of its drilling rigs into Nigerian waters. From 2003 to 2007, Noble obtained eight temporary import permits with false documentation. As part of the settlement, Noble, without admitting or denying the SEC's allegations, agreed to an injunction and will pay disgorgement and prejudgment interest of $5,576,998.
Disgorgement & Penalty Information
Monetary Penalties:
Disgorgement
(Penalty was noted in document, but no amount was listed)
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Disgorgement and prejudgment interest
Individual:
$5,576,998.00
Shared:
Total Penalty
Individual:
$5,576,998.00
Shared: