Cos. Feel Heat From SEC's Deferred Prosecution Deal

Law360, New York (May 19, 2011, 8:17 PM EDT) -- With the U.S. Securities and Exchange Commission reaching its first-ever deferred prosecution agreement with steel pipe manufacturer Tenaris SA for $8.9 million Tuesday, other companies may soon be tempted to follow suit now that the SEC has put its money where its mouth is, attorneys say.

This week, Luxembourg-based Tenaris agreed to pay $5.4 million in disgorgement and prejudgment interest to resolve allegations that the company bribed government officials to win a bidding process in Uzbekistan for contracts to supply oil and natural gas pipelines, in...
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