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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; brent.kendall@dowjones.com

Stock News for Innospec Inc. (IOSP)
DateTimeHeadline
11/15/201308:37:12Tontine Associates 3Q 13F: Holdings As Of Sep 30
10/08/201209:11:11U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
01/24/201113:13:39SEC Charges Former Innospec CEO For Role In Iraq Bribery Scheme
06/25/201016:49:32Innospec Agent Pleads Guilty To Oil-For-Food Bribes
03/18/201015:09:33Innospec Pleads Guilty To Bribery Charges; To Pay $40.2 Million
03/18/201013:24:11US DOJ Charges Innospec In Bribery Case, Settlement Expected

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