SEC, DOJ Not Fooling Many With Easy FCPA Deals

Law360, New York (June 8, 2016, 10:29 PM EDT) -- While the U.S. Securities and Exchange Commission and U.S. Department of Justice made hay on Tuesday of decisions not to charge two companies with Foreign Corrupt Practices Act violations after the companies self-disclosed bribes paid to Chinese officials, defense attorneys remained skeptical that the deals show the merits of cooperating with either agency.

The SEC announced Tuesday afternoon that it had reached nonprosecution agreements with internet service provider Akamai Technologies Inc. and heating, ventilation and consumer technology manufacturer Nortek Inc., emphasizing that the NPAs reflected the companies’ cooperation with enforcement agents. Both companies had reported to the agency that they had...

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