HW Wood unable to pay $22.5mn DoJ fine in Ecuadorean bribery case
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HW Wood unable to pay $22.5mn DoJ fine in Ecuadorean bribery case

Jairo Ibarra
22 November 2023
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Legal office of lawyers, justice and law concept : Wooden judge gavel or a wood hammer and a soundboard used by a judge person on a desk in a courtroom with a blurred brass scale of justice behind.

The US Department of Justice has reduced HW Wood’s fine to $508,000 from a $22.5mn penalty and a $2.3mn forfeiture due to the Lloyd’s broker’s “demonstrated inability” to pay.

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News Legal Regulation Tysers
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Jairo Ibarra
Senior Reporter
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