In 2022, the DOJ and SEC brought FCPA enforcement actions against eight companies and imposed financial penalties totaling $1.5 billion. For comparison, in 2021, four companies paid $282 million to resolve FCPA cases, and in 2020, 12 companies paid a total of $6.4 billion.… Continue Reading
Posts Tagged: Tenaris
French aerospace defense company Safran S.A. received a declination from the DOJ last week despite bribery that violated the FCPA.… Continue Reading
Oil and gas pipe manufacturer Tenaris paid the SEC $78 million Thursday to resolve charges that it violated the Foreign Corrupt Practices Act by providing improper payments to a Petrobras official in Brazil.… Continue Reading
Ralph Lauren Corporation will pay $1.6 million in combined penalties to the DOJ and SEC in exchange for unprecedented dual non-prosecution agreements after admitting its Argentina subsidiary paid bribes to government and customs officials.… Continue Reading
There were two mega settlements during the quarter. Both JGC and Johnson & Johnson made our top-ten list. And there were three other corporate resolutions under $10 million.
The Lindsey defendants — the company and two officers — were convicted during the quarter.… Continue Reading
In an FCPA settlement announced today, Luxembourg-based pipe maker Tenaris became the first company to enter into a deferred prosecution agreement with the Securities and Exchange Commission in any kind of enforcement action.… Continue Reading