Alere Inc said in an SEC filing Tuesday that it received a grand jury subpoena from the DOJ for documents relating to its sales practices in Africa, Asia, and Latin America.… Continue Reading
Posts Tagged: Subpoena
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
Kinross Gold Corp. said in a statement Friday that it is under investigation for corruption in West Africa by the U.S. Securities and Exchange Commission and the Justice Department.… Continue Reading
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
Texas-based Flowserve Corporation said in a securities filing Thursday that it recently received a subpoena from the SEC in an investigation of possible violations of the FCPA.… Continue Reading
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
Tullow Oil declared force majeure on its offshore exploration block in Guinea following the disclosure that its partner, U.S.-based Hyperdynamics Corporation, is under investigation by the DOJ and SEC for possible violations of the Foreign Corrupt Practices Act.… Continue Reading
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:
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
Here’s what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:
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