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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Daimler Deal Reported

The New York Times’s DealBook says in a post today that “Daimler has agreed to pay about $185 million in fines, and two of its subsidiaries will plead guilty to bribing foreign government officials, to settle a multiyear corruption investigation.” Parent-company Daimler AG “will avoid indictment,” the report said.

The DealBook post was based on a story in the Times by Charlie Savage. He reported that “Daimler has agreed to pay a $96.3 million criminal fine and a $91.4 million civil fine, along with entering a consent decree with the Securities and Exchange Commission.” His source requested anonymity.

The government hasn’t commented. A hearing is scheduled for April 1 before U.S. district judge Richard J. Leon in Washington.

A possible $200 million settlement involving two subsidiaries was first reported in February. A Daimler spokesperson said then: “We are in discussions with the DOJ and the SEC regarding consensually resolving the agencies’ investigations.”

See our posts here, here and here.

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