Defendant Name:
Layne Christensen Company
Defendant Type:
Public Company
Document Reference:
2014-240
Document Details
Legal Case Name
In the Matter of Layne Christensen Company
Document Name
SEC Charges Texas-Based Layne Christensen Company With FCPA Violations
Document Date
27-Oct-2014
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On October 27, 2014, the SEC charged Layne Christensen Company with violations of the Foreign Corrupt Practices Act "by making improper payments to foreign officials in several African countries in order to obtain beneficial treatment and reduce its tax liability." Layne self-reported the misconduct.
Disgorgement & Penalty Information
Resolutions
Layne Christensen is required to report to the SEC on the status of its remediation and implementation of measures to comply with the FCPA for 2 years.
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC