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FCPA Blog Daily News

Entries in Layne Christensen (5)

Monday
Mar092015

Pleasure or pain? Voluntary FCPA disclosure and cooperation

In our recent report, Trends and Developments in Anti-Corruption Enforcement, we analyze major anti-corruption resolutions in 2014 and look ahead to what we expect in 2015.

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Tuesday
Oct282014

Layne Christensen pays $5.1 million in SEC settlement

Layne Christensen Company, a Texas-based water management, construction, and drilling firm, paid just over $5 million Monday to resolve FCPA charges brought by the SEC for bribes in a half dozen Africa countries to reduce taxes and speed up customs inspections and work permits.

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Monday
Aug182014

Layne Christensen cuts FCPA reserve by half after DOJ declination

Image courtesy of Layne ChristiansenTexas-based water treatment firm Layne Christensen said in an SEC filing Friday that after a four-year investigation, the DOJ won't file any charges for violations of the Foreign Corrupt Practices Act. "The DOJ has notified Layne that it considers the matter closed," the filing said.

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Monday
Dec162013

Layne Christensen more than doubles FCPA settlement reserve

Kansas-based Layne Christensen Company said last week it has increased its reserve for a potential FCPA settlement from $4.8 million to $10.4 million. That amount, the company said, represents the low end of the range for a possible settlement, which could also reach $16 million.

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Tuesday
Sep112012

Layne's Africa Payments Disclosure

From the FCPA Blog members area, here's the latest FCPA disclosure from water management company Layne Christensen.

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