Layne Christensen Resolves FCPA Civil Charges After DOJ Declination; Details Its Extensive Cooperation

Layne Christensen, a global water management, construction and drilling company based in Kansas, has settled the SEC’s charges concerning improper payments to African officials to obtain favorable tax treatment and reduced customs duties, among other things, for $5.1 million.  The DOJ declined to prosecute the company, and both the government and the company have touted Layne’s self-disclosure and extensive cooperation for the relatively favorable treatment.  See also “Compliance Experts from Altria, Noble Energy and HP Share Corruption Investigation Best Practices,” The FCPA Report, Vol. 3, No. 18 (Sep. 10, 2014).

To read the full article

Continue reading your article with an ACR subscription.