Company Agrees to Pay $1.3 Million to Settle FCPA Case on Bribes to Venezuela and Argentine Officials

On July 29 and 30, 2009, Helmerich & Payne, Inc (H&P), an international drilling contractor and energy-oriented company, mostly in the United States and South America, agreed to pay $1,375,000 to resolve Securities and Exchange Commission charges it violated the Foreign Corrupt Practices Act (FCPA) by making improper payments to government officials in Argentina and Venezuela to avoid potential delays typically associated with the international transport of drilling parts...(more)