The SEC charged the former CEO and president of a Nasdaq-traded security technology company and three other individuals in a fraudulent broker bribery scheme. The DOJ filed charges against one of the individuals in a parallel action.
A U.S. company agreed to settle SEC charges for violating the Foreign Corrupt Practices Act. Separately, the DOJ announced the indictment of two of the company's former executives for violating the Act's anti-bribery and accounting provisions.
The DOJ and U.S. Attorney's Office for the Eastern District of New York closed an investigation of a Barbados insurance company after the company agreed to disgorge profits obtained in connection with alleged violations of the Foreign Corrupt Practices Act.
A Sweden-based telecommunications company agreed to pay $965 million to settle charges of Foreign Corrupt Practices Act violations for alleged bribes of a government official in Uzbekistan. If the criminal plea with the DOJ is approved in U.S. federal court, the combined resolution will mark the largest FCPA settlement ever.
The Federal Trade Commission Bureau of Competition and the U.S. Department of Justice Antitrust Division summarized the agencies' merger enforcement activities in the 38th Annual Hart-Scott-Rodino Report.