Just recently, the Securities and Exchange Commission (SEC) made an agreement to resolve the case made against Mark Jackson, an ex-CEO of Noble Corporation. The SEC criminally charged Jackson in violation of the Foreign Corrupt Practices Act by allowing bribe approvals within the Nigerian government, crafting false firm accounting records, and evading in-house controls.
In the deal, reached after a long-running probe and trial being imminent, Jackson made a consented judgment entry with him claiming he was the control figure of Noble’s records and book violation, and an injunction of such basis.
The deal excludes payment made by Jackson or any limitations on his upcoming work opportunities.
Jackson’s attorney, David S. Krakoff, is happy with the settlement. The deal resolves claims that have surrounded Jackson for years without liability admission, payment transactions, and restriction on his client’s work opportunities.
An upcoming trial is scheduled this month at the U.S. District Court in Southern District Texas.
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