Noble Corporation Settles FCPA Case

Noble Corporation NE announced today the resolution of the previously disclosed investigations by the United States Department of Justice and the United States Securities and Exchange Commission of the legality under the United States Foreign Corrupt Practices Act of certain reimbursement payments made by Noble's Nigerian subsidiary to customs agents in Nigeria. The DOJ investigation was resolved with a non-prosecution agreement pursuant to which the DOJ agreed not to bring charges against the Company and Noble agreed to pay to the government fines of $2.6 million. Noble agreed to resolve the SEC's investigation by consenting to disgorge profits and pay prejudgment interest in the amount of $5.6 million.