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Parker Drillings Scotland-Based Unit Pays Over £170,000 to Resolve Bribery and Corruption Charges in Scotland
On Dec. 17, 2014, International Tubular Services (ITS), an oil and gas services firm based in Scotland that was acquired by Houston-based Parker Drilling (Parker) in 2013, agreed to pay £172,200 to resolve bribery and corruption charges. ITS admitted to benefiting from corrupt payments made by a former Kazakhstan -based employee to secure additional contractual work from a customer in Kazakhstan. Scotlands Prosecution Service noted that the bribery and corruption was discovered when the company was being sold to Parker and that Parker has taken steps to implement comprehensive anti-bribery policies and training. In 2013 in an unrelated investigation, Parker paid nearly $16 million to resolve DOJ and SEC FCPA charges related to bribery of Nigerian officials.
Pfizer resolve FCPA matter with US DOJ and SEC related to conduct of subsidiaries in Bulgaria, China, Croatia, the Czech Republic, Italy, Kazakhstan, Russia and Serbia; total sanction exceeds $60 million.
- SEC Complaint, Pfizer
- SEC Complaint, Wyeth
- Pfizer Deferred Prosecution Agreement
- Pfizer DPA Excerpt: Enhanced Compliance Obligations
- Sherry-Maria Safchuk to discuss UDAAP at an American Bar Association webinar
- Jeffrey P. Naimon to discuss "What to expect: The new administration and regulatory changes" at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Jonice Gray Tucker to discuss “The future of fair lending” at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Steven R. vonBerg to discuss "LO comp challenges" at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Michelle L. Rogers to discuss "Major litigation" at the Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
- Michelle L. Rogers to discuss “The False Claims Act today” at the Federal Bar Association Qui Tam Section Roundtable