4 Notable Aspects Of Tyco's FCPA Settlements

Law360, New York (October 24, 2012, 1:05 PM EDT) -- On Sept. 24, 2012, the U.S. Department of Justice and the U.S. Securities and Exchange Commission each announced that Tyco International Ltd., a Swiss manufacturer of security, fire protection and energy products, agreed to pay more than $26 million in total penalties to the agencies to resolve allegations that it violated the accounting provisions of the Foreign Corrupt Practices Act in more than a dozen countries.

In a related criminal prosecution, a Tyco subsidiary in the Middle East, Tyco Valves & Controls Middle East Inc. (“TVC...
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