Article: FEDERAL JUDGE ENTERS FINAL JUDGMENT AGAINST THIRD-PARTY VENDOR JOE E. PENLAND IN FRAUDULENT ACCOUNTING SCHEME

WASHINGTON, Oct. 5 -- The Securities and Exchange Commission issued the following litigation release:

On October 2, 2009, the Honorable Carl Barbier, United States District Judge for the Eastern District of Louisiana entered a final judgment of permanent injunction and other relief on behalf of the Honorable Martin L.C. Feldman, to whom the case is assigned. The final judgment is against defendant Joe E. Penland, a Texas resident and the owner of a third-party vendor of Newpark Resources, Inc. ("Newpark"), an oil and gas company based in Houston, Texas. Penland was the principal of Quality Mat Company, a Newpark vendor, and was charged in the complaint along with Newpark principals for ...

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