General Electric Settles Iraq Bribery Case With SEC

July 28, 2010 By Editor Leave a Comment

Source: Law.com – Newswire
The Securities and Exchange Commission on Tuesday reached a $23.4 million settlement with General Electric over charges the company violated the Foreign Corrupt Practices Act. GE, along with two subsidiaries and two other companies that have since been acquired by GE, allegedly made illegal kickbacks totaling $3.6 million in the form of cash, computer equipment, medical supplies and services to the Iraqi Health Ministry or the Iraqi Oil Ministry in order to obtain contracts under the U.N. Oil for Food Program.
Read the rest of the story…

Share/Bookmark

Filed Under Breaking News

Speak Your Mind

Featured Legal Industry News Stories…

A List Of Chinese Manufacturers To Avoid And Why I Would (Sorta) Avoid The List

Source: China Law Blog So I got an email from a client the other day, sending me a link to a blogpost, which in turn linked over to a “blacklist” (a word I hate and never use) of Chinese manufacturers. The client wanted to know what I thought of “such things.” Never one to miss [...]

Feds Prevail in Spat with Former Acting Solicitor General

Source: WSJ.com: Law Blog – WSJ.com The Justice Department has won its bid to bar former acting Solicitor General Neal Katyal from representing an electronics executive seeking to overturn his conviction in an important criminal price-fixing case. Read the rest of the story… Share/Bookmark

Dewey & LeBoeuf Readies Bankruptcy Filing

Source: WSJ.com: Law Blog – WSJ.com New York law firm Dewey & LeBoeuf LLP is readying a possible bankruptcy-protection filing for sometime in the next several weeks, said people familiar with the matter, a move that would initiate official liquidation of the beleaguered institution. Read the rest of the story… Share/Bookmark

Watchdog Asks Judge to Uproot Pot Grower’s Bankruptcy

Source: WSJ.com: Law Blog – WSJ.com The feds are burned out with a medical marijuana grower that it suspects isn’t quite taking its bankruptcy case seriously. Read the rest of the story… Share/Bookmark

D.C. Circuit Rejects Challenge to Voting Rights Act

Source: WSJ.com: Law Blog – WSJ.com The U.S. Court of Appeals for the D.C. Circuit today upheld the constitutionality of Section 5 of the Voting Rights Act — the one that requires states deemed to have historically suppressed minority votes to get approval from the Justice Department or a three-judge panel before changing voting procedures. [...]