Tyco Hands Over $26M To End FCPA Cases

Law360, New York (September 24, 2012, 4:54 PM EDT) -- Tyco International Ltd. on Monday agreed to pay more than $26 million to resolve criminal and civil allegations that it violated the Foreign Corrupt Practices Act by bribing government officials in various countries to secure contracts and hiding the illegal payments in its financial records.

Tyco and subsidiary Tyco Valves & Controls Middle East Inc. pled guilty to conspiring to violate the FCPA and agreed to pay a $13.68 million penalty for falsifying its books and records to hide illegal bribes paid to officials employed by...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.