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Sunday, July 1, 2007
Volume:
23
Issue:
7
267
Abstract:
On April 26, 2007, the United States Securities and Exchange Commission (SEC) announced that Baker Hughes had agreed to plead guilty and pay $44.1 million in penalties and forfeitures, the largest penalty in history for violations of the Foreign Corrupt Practices Act (FCPA). Baker Hughes also agreed to appoint a monitor to assure that the company complied with the law in the future … [more]