Italian and Dutch Entities Agree to Pay $365 Million to Settle Nigerian FCPA Charges

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Wednesday, September 1, 2010
Author: 
Bruce Zagaris
Volume: 
26
Issue: 
9
Abstract: 
On July 7, 2010, the Securities and Exchange Commission (SEC) announced that Italian company Eni, S.p.A. and its former Dutch subsidiary, Snamprogetti Netherlands B.V., will jointly pay $125 million to settle SEC’s charges, and Snamprogetti will pay an additional $250 million penalty to settle separate criminal proceedings announced by the U.S. Department of Justice...(more)...