Tagged: Tenaris FCPA

Tenaris Pays SEC $78 Million to Resolve FCPA Violations

Tenaris Pays SEC $78 Million to Resolve FCPA Violations

The SEC announced another FCPA settlement in 2022.  FCPA enforcement, in general, is picking up.  Tenaris, a global supplier of steel pipes and related services for the energy industry, agreed to pay the SEC $78 million to resolve FCPA violations.  The US Department of Justice closed its investigation without bringing charges. The resolution of Tenaris’ case is interesting because of Tenaris’ recidivist status.  In 2011,...