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US DOJ Charges Innospec In Bribery Case, Settlement Expected

By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The U.S. Department of Justice on Thursday charged chemicals company Innospec Inc. (IOSP) with bribing Iraqi officials to win and retain business under the United Nations' Oil-for-Food Program. Prosecutors filed papers in a Washington federal court charging the company with bribery and conspiracy under the Foreign Corrupt Practices Act. They allege Innospec and its subsidiaries were involved in a conspiracy to bribe Iraqi officials from 2001 to 2008. The department is expected to announce a settlement in the case later Thursday, according to someone familiar with the situation. Innospec has previously disclosed the bribery investigation. It said in a February filing with the Securities and Exchange Commission that it expected to settle bribery investigations in the United States and United Kingdom for a sum in the range of $28.8 million to $40.2 million. -By Brent Kendall, Dow Jones Newswires; 202-862-9222; [email protected]

Stock News for Innospec Inc. (IOSP)
01/12/201717:15:37Amended Statement of Ownership (sc 13g/a)
01/04/201708:02:00Current Report Filing (8-k)
01/03/201715:51:09Current Report Filing (8-k)
12/30/201612:47:00Huntsman Completes Sale of European Surfactants Business; Enables...
12/30/201612:39:41Innospec Completes Acquisition of Huntsman’s European Surfactant B...
12/16/201612:17:02Current Report Filing (8-k)
12/07/201610:12:58Statement of Changes in Beneficial Ownership (4)
11/23/201606:53:45Statement of Changes in Beneficial Ownership (4)
11/23/201606:13:24Statement of Changes in Beneficial Ownership (4)
11/22/201611:22:15Statement of Changes in Beneficial Ownership (4)
11/18/201607:09:09Statement of Changes in Beneficial Ownership (4)
11/16/201606:11:45Statement of Changes in Beneficial Ownership (4)
11/15/201610:30:39Statement of Changes in Beneficial Ownership (4)
11/14/201612:18:47Statement of Changes in Beneficial Ownership (4)
11/14/201611:43:15Statement of Changes in Beneficial Ownership (4)
11/03/201612:57:26Quarterly Report (10-q)
11/03/201606:24:39Current Report Filing (8-k)
11/02/201616:45:00Innospec Reports Third Quarter 2016 Financial Results
10/27/201608:48:22Current Report Filing (8-k)
10/21/201604:37:19Innospec Publishes 2015 Sustainability Report

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