Ericsson to Pay $1B in 2nd-Largest FCPA Case
“Through slush funds, bribes, gifts, and graft, Ericsson conducted telecom business with the guiding principle that ‘money talks.'"
IFF Discloses ‘Improper Payments’ by Israel Unit
The flavorings giant says its investigation indicates senior officials of Frutarom were aware of the payments to customers in Russia and Ukraine.
Fresenius Medical Fined $231M in Bribery Probe
The German medical device company allegedly paid $31 million in bribes to doctors and public health officials in at least 17 countries.
Insys Shares Dive on ‘Going Concern’ Doubts
The opioid seller's auditor expressed "substantial doubt" about its ability to continue as a going concern.
Cognizant Settles Foreign Bribery Charges
The company allegedly paid bribes when it was building a campus in Chennai, India.
Credit Suisse Settles Foreign Bribery Investigations
The SEC said ‘relationship hires’ allowed the bank to win millions in business in the Asia-Pacific region.
Panasonic Fined $280M Over Airline Scheme
The company's avionics unit allegedly provided a lucrative consulting job to an official of a government airline with which it was doing business.
Petrobras Settles Investor Class Action for $2.9B
The settlement resolves investor claims arising from the $2 billion corruption scandal that has rocked Brazil for four years.
Samsung Names CFO Lee as New Chairman
Lee Sang-hoon will fill the board position amid a management reshuffle intended to ease investor concerns after a bribery scandal at Samsung.
General Cable Fined $75M for Foreign Bribery
The SEC alleges the company generated more than $51 million in illicit profits by bribing government officials in Africa and Asia.
Brazilian Aircraft Maker to Pay $205M Over Bribery Allegations
Aircraft manufacturer Embraer admitted responsibility for multiple FCPA violations in four foreign countries from 2007 to 2011.