BAE Sentenced To $400M Corruption Fine

By Erin Marie Daly

Law360, New York (March 01, 2010, 5:56 PM ET) -- The U.S. Department of Justice said Monday that U.K.-based BAE Systems PLC, the largest military contractor in Europe, had been sentenced to a $400 million fine to settle bribery and fraud cases in the U.S. and the U.K., marking one of the largest criminal fines ever levied in the U.S. against a company for business-related violations.

Judge John D. Bates of the U.S. District Court for the District of Columbia rendered the penalty after BAE pled guilty to knowingly and willfully making false statements to U.S....
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