Law360 (November 18, 2009, 5:54 PM EST) -- Defense contractor DynCorp International Inc. said Wednesday that payments it made to expedite the issuance of visas and licenses from foreign government agencies may raise compliance issues under the U.S. Foreign Corrupt Practices Act.
The payments, revealed in a recent filing with the U.S. Securities and Exchange Commission, may have totaled as much as $300,000, the company said.
DynCorp said the payments were made to subcontractors "in connection with servicing a single existing task order" that the company has with an unnamed U.S. government agency.
The company has retained outside counsel to investigate the payments and said it is in the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!