Feds subpoena Hercules Offshore for possible corrupt practices

(SAN FRANCISCO) — Shares of Hercules Offshore dropped after the company said it has been subpoenaed by federal authorities, the financial news service MarketWatch reported. The drilling and liftboat company said it will “respond fully” to the Securities and Exchange Commission and Department of Justice. The subpoenas indicate the company is being probed for potential violations of the Foreign Corrupt Practices Act.
Click here to view the MarketWatch story and a chart of the company’s share performance.


By Professional Mariner Staff