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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;

Stock News for Innospec Inc. (IOSP)
11/19/201509:40:35Statement of Changes in Beneficial Ownership (4)
11/17/201510:20:49Statement of Changes in Beneficial Ownership (4)
11/13/201514:34:38Current Report Filing (8-k)
11/12/201506:22:10Statement of Changes in Beneficial Ownership (4)
11/10/201511:27:35Current Report Filing (8-k)
11/09/201510:31:40Current Report Filing (8-k)
11/09/201509:30:00Innospec Closes $200 Million Credit Facility
11/09/201507:07:29Statement of Changes in Beneficial Ownership (4)
11/04/201511:55:35Quarterly Report (10-q)
11/04/201506:26:26Current Report Filing (8-k)
11/03/201516:30:00Innospec Reports Third Quarter 2015 Financial Results
10/16/201511:57:04Amended Current Report Filing (8-k/a)
10/16/201511:08:18Current Report Filing (8-k)
10/13/201512:14:58Amended Statement of Ownership (sc 13g/a)
10/13/201510:30:00Innospec Schedules Third Quarter 2015 Earnings Release and Conference...
09/11/201517:03:20Current Report Filing (8-k)
08/20/201518:38:00Innospec Set to Join the S&P SmallCap 600
08/12/201511:31:10Amended Statement of Changes in Beneficial Ownership (4/a)
08/12/201506:39:31Statement of Changes in Beneficial Ownership (4)
08/05/201511:10:19Quarterly Report (10-q)

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