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MILBERG LLP > Milberg LLP Announces Its Shareholder Investigation of Tidewater for Possible Violations of the Foreign Corrupt Practices Act

Milberg LLP Announces Its Shareholder Investigation of Tidewater for Possible Violations of the Foreign Corrupt Practices Act

Tidewater Informational Form
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Milberg LLP is investigating Tidewater Inc. (NYSE: TDW), focusing on the legality, under the U.S. Foreign Corrupt Practices Act and local laws, of its Nigerian affiliate’s reimbursement of some expenses incurred by a customs agent.  The expenses under scrutiny were related to the temporary importation of its vessels into Nigeria and the permits needed to operate in that country’s offshore waters.  Milberg’s investigation seeks to determine whether Tidewater and its board may have been involved with or had prior knowledge of any violations of the Foreign Corrupt Practices Act.

Based on the findings of a Tidewater internal investigation, the company has not concluded that any potential liability may result from an enforcement action by the Department of Justice or the Securities and Exchange Commission.  However, it said an “ultimate resolution with one or both of these agencies could have a material adverse effect on the company’s results of operations or cash flows.”

If you currently hold Tidewater common stock and wish to talk to a lawyer from Milberg LLP about this investigation, at no obligation to you, please complete the form to the right.

Milberg LLP has been representing individual and institutional investors for more than four decades and serves as lead counsel in federal and state courts throughout the United States.  Please visit the Milberg website for more information about the Firm.  If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact the following attorney:

Andrei Rado, Esq.
arado@milberg.com
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081

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