SEC
Whistleblower
Advocates

September 27, 2016

Weatherford International PLC (f/k/a Weatherford International Ltd.), James Hudgins, Darryl Kitay

Financial Fraud

SANCTION AMOUNT: $140,364,067

Defendants: Weatherford International PLC (f/k/a Weatherford International Ltd.)
James Hudgins, Darryl Kitay

Settlement of charges that earnings of Respondent company were inflated by $100 million to $154 million each year between 2007-2012 by fraudulently lowering year-end provisions for income taxes, so that the company could better align its earnings results with its earlier-announced projections and analysts’ expectations.

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