Ralph Lauren Corporation will pay $1.6 million in combined penalties to the DOJ and SEC in exchange for unprecedented dual non-prosecution agreements after admitting its Argentina subsidiary paid bribes to government and customs officials.
Entries in Tenaris (4)
As December is a time for reflection on the past twelve months, I have been considering the FCPA Enforcement Action year.
Two huge cases settled during the quarter. Both JGC and Johnson & Johnson made our top-ten list. Three other corporate settlements happened during quarter.
In an FCPA settlement announced today, Luxembourg-based pipe maker Tenaris today became the first company to enter into a deferred prosecution agreement with the Securities and Exchange Commission in any kind of enforcement action.