Sidley Austin vetted the Chinese acquisition for Watts in 2005, Reuters said, 'but failed to inform the company about potential corruption issues even though their review had uncovered a suspicious document, according to the lawsuit.'
Entries in Watts (4)
As December is a time for reflection on the past twelve months, I have been considering the FCPA Enforcement Action year.
A post Wednesday on Seeking Alpha asked, Does China Valves comply with the anti-corruption laws?
The SEC on Thursday used an administrative settlement to resolve FCPA-related offenses by Watts Water Technologies, Inc. and a former employee, Leesen Chang.