Feds Won't Drop Daimler Foreign Bribery Charges Yet

Law360, New York (April 6, 2012, 3:38 PM EDT) -- Federal officials have not ruled out prosecuting Daimler AG for allegedly bribing foreign officials to secure government contracts, claims the German automaker previously agreed to settle in 2010 for $185 million, according to a filing Wednesday in Washington federal court.

The deal was part of a deferred prosecution agreement that allowed the U.S. Securities and Exchange Commission and the U.S. Department of Justice to drop their claims by April 8 if Daimler complied with various disclosure and corporate compliance requirements. Former FBI Director Louis Freeh was...
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