The Securities and Exchange Commission says Oklahoma City-based SandRidge Energy, Inc., has settled charges it retaliated against a whistleblower and used illegal separation agreements.
The SEC said Tuesday SandRidge has agreed to pay a penalty of $1.4 million. David A Kimmel, SandRidge director of communications, says in an email SandRidge cooperated fully with the SEC.
Kimmel also says that under the company's bankruptcy reorganization plan, the fine will be satisfied with a $100,000 payment.