Ralph Lauren To Pay $1.6M To Settle Argentine Bribery Claims

Law360, New York (April 22, 2013, 1:16 PM EDT) -- Ralph Lauren Corp. has agreed to pay more than $1.6 million to settle allegations that it violated the Foreign Corrupt Practices Act by bribing government officials in Argentina in order to ship merchandise into the country without proper customs clearance, authorities said Monday.

In order to avoid prosecution, Manhattan-based Ralph Lauren has agreed to pay an $882,000 penalty to the U.S. Department of Justice and to disgorge more than $700,000 in illicit profits and interest to stave off a civil action by the U.S. Securities and...
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