Noble Corp.’s internal investigation of its Nigerian operations is ongoing, according to the Company’s latest Quarterly Report filed with the U.S. Securities and Exchange Commission.
Since June 2007, the Company has been conducting an internal investigation focusing on the legality under…
The Audit Committee of Pride International Inc.’s Board of Directors’ investigation on certain of its Latin American operations and its review of the compliance with the U.S. Foreign Corrupt Practices Act in certain of its other international operations are underway.
During…
A ruling on the preliminary objection filed by the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Minister of Transportation to Noble Corp.’s originating summons is scheduled for October 2008.
During the fourth quarter of 2007, the Company’s Nigerian…
Delmarva Power & Light Company, during the second quarter, reached a tentative settlement with the Internal Revenue Service concerning the treatment of mixed service costs for income tax purposes during the period 2001 to 2004.
During 2001, the Company, Potomac…
The litigation between Pride International Inc. and its former President and Chief Executive Officer, Paul Bragg, was concluded during the quarter period ended June 30, 2008.
Mr. Bragg sued the Company in the State District Court of Harris County, Tex.,…
Noble Corp. contests, or intends to contest, including through litigation if necessary, most audit findings for the 2002 and 2004 periods.
Certain of the Company’s international income tax returns have been examined for the 2002 and 2004 periods and audit…
McDermott International, Inc. continues to face the suit entitled Donald F. Hall and Mary Ann Hall, et al., v. Babcock & Wilcox Company, et al. related to exposure to uranium and plutonium.
The Babcock & Wilcox Company is one of the…
McDermott International, Inc. is protesting the Internal Revenue Service’s proposed unfavorable tax adjustments related to the 2001 through 2003 tax years.
The Company was advised in 2006 by the IRS of the proposed adjustments.
The Company reviewed the IRS positions and…
Noble Corp.’s wholly owned indirect subsidiary, Noble Asset Company Ltd., continues to pursue contractual indemnification against liability for Indian customs duty and related costs and expenses against a rig’s previous owner in arbitration proceedings in London, which proceedings the parties…
Antargaz, UGI Corp.’s French subsidiary, continues to cooperate with France’s General Division of Competition, Consumption and Fraud Punishment’s (DGCCRF) investigations on northern France’s liquefied petroleum gas (LPG) industry.
In June 2005, DGCCRF officials conducted an unannounced inspection of, and obtained documents…