No company, regardless of its size or industry, is immune from potential FCPA liability if it does business abroad. Why then, has "FCPA Sanctions: Too Big to Debar" by Drury Stevenson and Nicholas Wagoner, singled-out and declared war on large government contractors? Because it can—large government contractors are not sympathetic.
Entries in BAE Systems (92)
The TSKJ enforcement action started in September 2008. Jack Stanley, KBR's former CEO, pleaded guilty in Houston to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud.
Brazilian aircraft company Embraer said this week it received a subpoena from the U.S. Securities and Exchange Commission relating to possible violations of the Foreign Corrupt Practices Act.
A report this week in the Telegraph said the U.K. Serious Fraud Office is waiting for approval from the attorney general before pursuing a full-scale bribery investigation into EADS, the European aerospace giant.
Another group of defendants went on trial this week in federal court in the Africa sting case.
An Austrian news weekly reported last week that U.S. enforcement authorities are investigating an Austrian lobbyist and Motorola over alleged bribes of up to €2.2 million, according to an AFP story.
Here's a list of fines paid overseas for bribery by companies that have settled FCPA enforcement actions.
We learned in June that the Serious Fraud Office will survive, bringing to an end a year of speculation and ensuring that Richard Alderman remained as its Director.
What law firms and lawyers represented the companies from our list of the top ten corproate FCPA settlements of all time?
Armor Holdings Inc., a military and law enforcement equipment company formerly listed on the NYSE and now owned by BAE Systems, will pay $16 million to resolve FCPA violations arising from bribes to secure U.N. contracts and covering the payments up.