Alcatel-Lucent Settles “Unprecedented” $137 Million FCPA Case

more+
less-

After a six-year international investigation, the DOJ and SEC announced that Alcatel-Lucent S.A. will pay one of the largest settlements in Foreign Corrupt Practices Act history. The Paris-based telecommunications company and three of its subsidiaries will pay $92 million to resolve criminal charges with the DOJ and $45 million in disgorgement to the SEC for using consultants to bribe government officials in Costa Rica, Honduras, Malaysia, and Taiwan. The $137 million settlement is the seventh largest FCPA settlement ever reported.

DOJ charged Alcatel-Lucent with violating the internal controls and books and records provisions of the FCPA, and three subsidiaries with conspiring to violate those provisions and the FCPA’s anti bribery provisions. The SEC brought civil charges against Alcatel-Lucent for bribery, books and records, and internal control violations.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×