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Browse: Home / 2016 / September / 28 / SEC won’t pursue clawbacks in Weatherford accounting fraud case – MarketWatch

SEC won’t pursue clawbacks in Weatherford accounting fraud case – MarketWatch

By Securities Docket on September 28, 2016, 9:26 am

The U.S. Securities and Exchange Commission will force Weatherford International to pay a $140 million penalty to settle charges it inflated earnings and understated taxes, but it will not force the oil-services company to claw back excess incentive compensation paid to its CEO and CFO.

via SEC won’t pursue clawbacks in Weatherford accounting fraud case – MarketWatch

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