Two very different groups of companies will emerge from the lockdown: thousands with liquidity problems and uncertain futures, and hundreds with piles of cash and an appetite for growth. That means there’s a coming surge in mergers and acquisitions.… Continue Reading
United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to resolve charges that it violated the FCPA by making illicit payments in its elevator and aircraft engine businesses.
United Technologies subsidiary Otis Elevator Co.… Continue Reading
United Technologies Corporation said Friday it received a second subpoena from the Securities and Exchange Commission that seeks information about potential payments by an agent in China that might have violated the Foreign Corrupt Practices Act.… Continue Reading
The Justice Department said today that it has intervened in a case against defendants Sikorsky Aircraft Corporation and two of its subsidiaries, Sikorsky Support Services Inc. and Derco Aerospace Inc.,… Continue Reading
It’s not a bribery case. But it showed how the profit motive can overwhelm a compliance program.
A Canadian subsidiary of United Technologies pleaded guilty today to violating the Arms Export Control Act and making false statements in connection with illegal exports to China.… Continue Reading