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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 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

SEC recommends action against Qualcomm

Qualcomm Inc, the world’s biggest mobile chipmaker, could face a FCPA enforcement action over alleged bribery to officials in China’s state-owned firms, the company disclosed in an SEC filing Wednesday.

Qualcomm said it received a Wells Notice on March 13 from the SEC’s Los Angeles Regional Office that recommends an enforcement action against the company for bribery in China.… Continue Reading

Second subpoena in SciClone China probe

SciClone Pharmaceuticals Inc. said Friday that an investigation launched three years ago into possible FCPA violations in China is ongoing and the SEC has issued a new subpoena focused on ‘sales and marketing expenses’ by its NovaMed unit there.… Continue Reading

Feds reject Avon settlement offer

Avon Products Inc. said in a quarterly filing Thursday that the DOJ and SEC rejected an offer in June to settle an ongoing FCPA investigation for $12 million and have not yet made any counter offers.… Continue Reading