Honeywell UOP (“Honeywell”) is a U.S.-based subsidiary of Honeywell International, Inc.  The settlement resolved bribery charges in the United States and Brazil stemming from bribes paid to high-ranking officials at Petrobras, Brazil’s state-owned oil company.

Honeywell agreed to a three-year deferred purchase agreement (“DPA”), which was filed in the Southern District of Texas (Houston).  Honeywell agreed to pay approximately $79 million in exchange for the DPA. Concurrently, Honeywell settled with the SEC and agreed to pay $81 million in disgorgement and prejudgment interest.  Also, Honeywell resolved charges with Brazilian authorities and agreed to pay approximately $39 million.  This payment was credited against Honeywell’s obligation to pay $79 million to the DOJ.