Ralph Lauren FCPA Deal Puts NPAs In Fashion

Law360, New York (April 22, 2013, 9:34 PM EDT) -- The U.S. Securities and Exchange Commission rewarded Ralph Lauren Corp. for its cooperation in a Foreign Corrupt Practices Act case by handing out the agency’s first-ever nonprosecution agreement, taking a carrot-and-stick approach that experts say could mark the beginning of a new trend.

The retail giant agreed to disgorge $700,000 to settle claims by the SEC that it bribed government officials in Argentina in order to ship merchandise into the country without proper customs clearance. Ralph Lauren also reached an $882,000 nonprosecution agreement with the U.S....
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