Foreign Corrupt Practices Act (May 2008)

On May 14, 2008, the Department of Justice announced that Willbros Group, Inc. and its wholly owned subsidiary that conducts international operations, Willbros International Inc., (collectively “Willbros”), resolved a Foreign Corrupt Practices Act (“FCPA”) investigation by agreeing to a deferred prosecution agreement and by agreeing to pay a $22 million criminal penalty. Willbros simultaneously resolved a parallel Securities and Exchange Commission (“SEC”) investigation involving the company and several former employees by agreeing to a civil judgment permanently enjoining the company from future violations of securities laws and regulations and by agreeing to pay disgorgement of $8.9 million, plus prejudgment interest of $1.4 million.


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