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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

PTC pays $28 million to resolve China FCPA offenses

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

PTC ups reserve for FCPA settlement to $28.2 million

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

DOJ joins Alexion FCPA investigation

Image courtesy of AlexionAlexion Pharmaceuticals Inc. said in a securities filing that the Justice Department is now investigating the company’s grant-making activities and its compliance with the Foreign Corrupt Practices Act.… Continue Reading

NCR: SEC declination three years after whistleblower complaint

NCR Corp. said last week it was “informed by the staff of the Securities and Exchange Commission that it does not intend to recommend an enforcement action.”

The SEC’s decision came after a three-year investigation of the company’s compliance with the Foreign Corrupt Practices Act.… Continue Reading

DOJ declination for Smith & Wesson, SEC settlement ‘close’

Smith & Wesson said the DOJ has ended its FCPA investigation of the company and won’t bring criminal charges, and that a civil settlement with the SEC is close.

The DOJ launched the investigation after the 2010 indictment of its VP for sales at the start of the bungled Africa sting prosecution.… Continue Reading

Embraer updates FCPA disclosure

Image courtesy of Embraer SABrazilian aircraft maker Embraer SA said last week its four-year FCPA investigation is still ongoing and the company can’t predict the outcome.

The investigation first focused on three unnamed countries but later expanded.… Continue Reading

Feds continue Halliburton Angola, Iraq investigations

Here’s the latest FCPA disclosure from oil field services firm Halliburton Company from its Form 10-K filed with the SEC on February 7:

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We are conducting internal investigations of certain areas of our operations in Angola and Iraq, focusing on compliance with certain company policies, including our Code of Business Conduct (COBC), and the FCPA and other applicable laws.… Continue Reading

NCR posts investigation update

Image courtesy of NCR CorporationHere’s what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:

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In 2012, NCR received anonymous allegations from a purported whistleblower regarding certain aspects of the Company’s business practices in China, the Middle East and Africa.… Continue Reading