Rolls-Royce To Face DOJ Bribery Probe

Law360, New York (March 6, 2014, 1:18 PM EST) -- Rolls-Royce Group PLC, the world’s second-largest manufacturer of aircraft engines, is under investigation by the U.S. Department of Justice for allegations of bribery and corruption, the company said in its annual report on Wednesday.

Rolls-Royce, which announced in December that it was under formal investigation by the UK Serious Fraud Office, said it is too early at this point to predict the outcome of either investigation or the timescale in which the bribery allegations might be resolved, although it noted in its annual report that penalties...
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