KBR and Halliburton Resolve FCPA Investigation

February 17, 2009
The Department of Justice and the Securities and Exchange Commission recently announced the resolution of their joint investigation of Halliburton Company and its one-time subsidiary Kellogg Brown & Root. To settle charges that the companies violated various provisions of the Foreign Corrupt Practices Act, Halliburton and KBR agreed to hundreds of millions in fines and disgorgements, among other provisions. This update examines the charges against KBR and Halliburton and discusses aspects of the case, including the massive fines, that may be a harbinger of future DOJ and SEC investigations.