Defendant Name: Diageo plc

Defendant Type: Public Company
SIC Code: 2084
CUSIP: 25243Q20

Initial Case Details

Legal Case Name In the Matter of Diageo plc
First Document Date 27-Jul-2011
Initial Filing Format Administrative Action
File Number 3-14490
Allegation Type Foreign Corrupt Practices Act
AAER 3307

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 27-Jul-2011
Headline Total Penalty and Disgorgement $16,373,820

Related Documents:

34-64978 27-Jul-2011 Administrative Proceeding
Order instituting cease-and-desist proceedings pursuant to Section 21C of the Securities Exchange Act of 1934, making findings, and imposing a cease-and-desist order and a civil penalty
On July 27, 2011, the SEC issued an order instituting cease and desist proceedings against Diageo plc. This order was issued because of violations of the Federal Corrupt Practices Act, which led the company to commit violations of the Exchange Act. In anticipation of the proceedings, the company submitted a settlement offer that neither admitted nor denied the findings of the SEC. As a result of the proceeding, Diageo is required to cease and desist from undertaking practices in violation of the Exchange Act, and is also required to pay disgorgement, pre-judgment interest and a civil penalty.