BJ Services Company, in July 2008, settled with its former Regional Controller in a one count theft case in Singapore. The Controller has made a payment to the Company.
In May 2007, the former Region Controller pleaded guilty to one count…
BJ Services Company says the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and other authorities’ investigations, under the U.S. Foreign Corrupt Practices Act, are ongoing.
The DOJ, SEC and other authorities have a broad range of civil and…
The U.S. Department of Justice and the U.S. Securities and Exchange Commission’s review of alleged misappropriation of Company funds in the Asia Pacific Region is ongoing.
In October 2004, the Company received a report from a whistleblower alleging that the Company’s…
Newfield Exploration’s lawsuit against BJ Services Company’s subsidiary, OSCA, Inc., was settled during the third quarter of fiscal 2008.
On April 4, 2002, a jury rendered a verdict adverse to OSCA in connection with litigation pending in the U.S. District Court…
BJ Services Co. continues to engage in discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission as they review the special Audit Committee’s investigation.
In October 2004, the Company also received whistleblower allegations that illegal…
The case by Newfield Exploration Company against OSCA, Inc., a BJ Services Co. subsidiary, was settled during the third quarter of fiscal 2008.
Newfield Exploration filed its suit on Sept. 29, 2000, arising out of a blowout that occurred in…
BJ Services Co., in July 2008, reached a settlement of the litigation with its former Asia Pacific Region Controller to recover any additional misappropriated funds.
In October 2004, the Company received a report from a whistleblower alleging that its Region Controller…
BJ Services Co. continues to be in discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission over potential penalties for entering into a prior consent decree regarding the U.S. Foreign Corrupt Practices Act.
The Company entered…