Entries in Corporate Investigations List (67)
China has historically been considered a high risk location for multi-national companies. An analysis of publicly available information determined that in the past five years alone, there have been 29 actions by U.S. enforcement agencies alleging FCPA violations involving China.
Nortek Inc. said in its annual report Monday that FCPA spending in 2015 rose to $2.3 million for legal and other professional services connected to an investigation in China.
Companies that might become embroiled in seemingly perpetual DOJ FCPA investigations recently received some mixed messages from DOJ’s Criminal Division. On April 17, Leslie Caldwell, the AAG of the Criminal Division, delivered remarks at New York University Law School’s Program on Corporate Compliance and Enforcement.
Minnesota-based Image Sensing Systems said the DOJ has "closed its inquiry" into potential Foreign Corrupt Practices Act violations and the SEC has also closed its investigation.
Texas-based water treatment firm Layne Christensen said in an SEC filing Friday that after a four-year investigation, the DOJ won't file any charges for violations of the Foreign Corrupt Practices Act. "The DOJ has notified Layne that it considers the matter closed," the filing said.
Cubist Pharmaceuticals Inc. said Monday that a global biopharmaceutical company it bought in 2013 may have violated the FCPA.
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Bio-Rad Laboratories Inc. said in its annual report Tuesday that it has added $15 million to its reserve for a potential Foreign Corrupt Practices Act settlement, bringing the total to $35 million.