SEC Settlement with Noble Corp.

On July 7, 2014, just days before the SEC's first-ever FCPA trial was to begin, the parties announced a settlement that closed one of the remaining chapters of the Panalpina-related cases brought by the SEC and DOJ. The resolution, which has been characterized in the media as a defeat for the government, ended a case filed by the SEC against Mark A. Jackson (former Noble Corp. CEO) and James J. Ruehlen (former director of Noble's subsidiary in Nigeria, and current head of Noble's operations in Mexico). No fines or administrative penalties were imposed beyond the defendants' consent to injunctions against future FCPA violations, and the two defendants neither admitted nor denied the SEC's allegations.

See: SEC v. Jackson Ruehlen; Final Consent Judgment: James Ruehlen; Final Consent Judgment: Mark Jackson; SEC Litigation Release.Click here to see the Cabinet's library of FCPA materials.