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International Law

: International Trade Law News

Siemens Reportedly to Pay Record $800 Milllion FCPA Settlement

By Douglas Jacobson

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Bloomberg has reported that Siemens AG has agreed to pay $800 million to settle allegations that it violated the U.S. Foreign Corrupt Practices Act. If finalized, this will be the largest FCPA penalty ever, dwarfing the $44.1 million penalty imposed on Baker Hughes in April 2007. The article...

This is a summary of the article. Click on the above link or visit www.tradelawnews.com to read the entire article.

Full post as published by International Trade Law News on December 12, 2008 (boomark / email).

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