The Top SEC Settlements of 2011

By Joel Stonington - 2012-01-03T23:18:44Z

Photograph by Shell International Ltd/via Bloomberg

Company Symbol % Change
4 of 22

No. 18: Royal Dutch Shell Plc

<p><strong>Total Settlement: </strong>$18.1 million<br /><strong>Disgorgement: </strong>$18.1 million<br /><strong>Penalty:</strong> 0

Shell was one of eight companies that agreed to settle <a href="http://sec.gov/litigation/admin/2010/34-63243.pdf">SEC allegations</a> related to oil field services bribery in Angola, Azerbaijan, Brazil, Kazakhstan, Nigeria, Russia, and Turkmenistan. Shell, based in The Hague, Netherlands, also settled with the U.S. Justice Dept. and paid a $30 million criminal fine as part of a three-year deferred-prosecution agreement. In total, the eight companies involved paid $80 million in disgorgement, interest, and penalties to the SEC and <a href="http://www.justice.gov/opa/pr/2010/November/10-crm-1251.html">fines of $156.5 million to the Justice Dept.</a></p>

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