As reported by the FCPA Blog Tuesday, the SEC and DOJ entered into parallel resolutions with Analogic Corporation and Analogic’s wholly-owned Danish subsidiary BK Medical ApS in connection with violations of the books and records and accounting controls provisions of the FCPA.… Continue Reading
Posts Tagged: PTC Inc.
PTC Part Two: SEC announces first deferred prosecution agreement with individual to resolve FCPA case
The SEC Tuesday said it used its first deferred prosecution agreement with an individual in an FCPA case.
FCPA civil charges will be deferred for three years against Yu Kai Yuan, a former employee at PTC’s China subsidiaries, “as a result of significant cooperation he has provided during the SEC’s investigation.”… Continue Reading
Two China units of Massachusetts software company PTC Inc. entered into a non-prosecution agreement and paid a $14.5 million criminal penalty Tuesday to resolve a DOJ investigation into payments for recreational travel by Chinese government officials that violated the Foreign Corrupt Practices Act.… Continue Reading
Technology firm PTC Inc. said in a securities filing Monday it has reserved $28.2 million for a possible settlement with the DOJ and SEC of apparent FCPA offenses in China.
PTC said it has reached agreement in principle to settle the fed’s investigation into “expenditures [in China], including for travel and entertainment, that apparently benefited employees of customers regarded as state owned enterprises in China.”… Continue Reading
PTC Inc. said the DOJ and SEC are still investigating “payments and expenses” by China business partners and employees that raise FCPA compliance concerns.
PTC (formerly Parametric Technology Corporation) first disclosed the investigation in late 2011.… Continue Reading