Ready, Fire, Aim: L'Affaire Renault

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As reported in this morning’s Wall Street Journal (WSJ), the CEO of the French car maker Renault apologized today on national television for the wrongful termination of three company officials for improper allegations of industrial espionage. In addition to this apology, he offered to meet the men and propose that they rejoin the company. They also would be offered compensation, “taking into account the serious hurt that they and their families have suffered,”. Although L’Affaire Renault is not (at least not that we are aware) a case involving the Foreign Corrupt Practices Act (FCPA), it does present several very large Lessons Learned for any company which engages in a FCPA investigation and disciplines or terminates employees based upon the investigation.

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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.

© Thomas Fox, Compliance Evangelist | Attorney Advertising

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