Extracted pages from Weatherford-2Ethics_10.pdf

Extracted pages from Weatherford-2Ethics_10.pdf - $100...

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$100 million - as a combination. The purpose of this fine was due to the illegal export approaches. This investigation was resolved by three governmental institutions. Weatherford reached a settlement in order to enter a deferred prosecution contract that would last 2 years. Also, two subsidiaries revealed their malpractice in relation to the export approaches. For the FCPA circumstance, the SEC filed a resolution. In this resolution, the parent company agreed to enter a permanent injunction towards FCPA unethical approaches. They also reached an agreement in order to comply with their
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  • Fall '16
  • Timothy Hargrave
  • Business Ethics, Weatherford, deferred prosecution contract, illegal export approaches

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