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Violation Tracker Individual Record

Company: Weatherford International Limited
Current Parent CompanyWeatherford International
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $187,200,000
Year: 2013
Date: November 26, 2013
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: export control violation
Violation Description: Three subsidiaries of Weatherford International Limited, a Swiss oil services company, agreed to plead guilty to anti-bribery provisions of the Foreign Corrupt Practices Act and export controls violations under the International Emergency Economic Powers Act and the Trading With the Enemy Act. Weatherford International agreed to pay a $87.2 million penalty as part of a deferred prosecution agreement. It also paid a total of $100 million to the U.S. Attorney's Office for the Southern District of Texas, the Bureau of Industry and Security and the Office of Foreign Assets Control. Separately, the company paid $65.6 million to resolve a related SEC case; see the Violation Tracker entry at (click here)
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: civil and criminal
Prosecution Agreement: plea & deferred prosecution agreement
HQ Country of Current Parent: Ireland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oilfield services and supplies
Specific Industry of Current Parent: oilfield services
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.