Sidley Austin Sued Over $4M Deal In Chinese FCPA Case

Law360, New York (June 14, 2012, 10:49 PM EDT) -- Watts Water Technologies Inc. has launched a malpractice suit against Sidley Austin LLP over its $3.8 million settlement with federal regulators to resolve allegations that its former subsidiary bribed employees of state-owned design institutes in China, according to a media report Thursday.

The company claims Sidley Austin, as Watts’ counsel for its acquisition of a Chinese entity in 2005, failed to warn it about possible corruption issues even though its review of the transaction had uncovered “a suspicious document,” according to a Reuters report. The suit...
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