Nearly $100 Million Settlement with French Company of Bribery Charges and Related Accounting Violations

Defendant, a global engineering, construction and services company based in Paris, France, was one of four alleged participants in a joint venture that paid more than $180 million over ten years to two agents who funnelled the money to Nigerian officials to secure more than $6 billion in contracts to build liquefied natural gas production facilities. This conduct also resulted in criminal charges, which defendant settled for an additional fine of $240 million. Defendant became subject to the FCPA in 2001 after its American depository shares began trading on the NYSE.