Defendant Name:
Armor Holdings, Inc.
Defendant Type:
Public Company
SIC Code:
7381
CUSIP:
04226010
Initial Case Details
Legal Case Name
SEC v. Armor Holdings, Inc.
First Document Date
13-Jul-2011
Initial Filing Format
Civil Proceeding
Case Number
11-cv-01271
Allegation Type
Foreign Corrupt Practices Act
Federal District Court
District of Columbia, District of Columbia
Resolutions
First Resolution Date
13-Jul-2011
Headline Total Penalty and Disgorgement
$5,690,744
Related Documents:
Complaint
On July 13, 2011, the SEC filed a complaint alleging that Armor Holdings "violated the anti-bribery, books and records, and internal controls provisions of the FCPA and the Exchange Act." Specifically, the complaint alleges that Armor Holdings engaged in a bribery scheme with the U.N. The recording of these transactions was not in accordance with US GAAP and thus the company also violated relevant Exchange Act provisions. The SEC requests that the court enjoin Armor Holdings from committing this behavior in the future. In addition, the complaint requests that the company disgorge any profits made as a result of these violations, and that it pay monetary penalties. "Without admitting or denying the allegations in the Commission's complaint, Armor Holdings has consented to a court order permanently enjoining it from violating Sections 30A, 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act." The company is required to pay a penalty.
SEC Files Settled Anti-Bribery, Books and Records, and Internal Controls Charges Against Armor Holdings, Inc.
On July 13, 2011, the Commission filed a settled civil enforcement action against Armor Holdings, Inc., alleging violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act. Armor Holdings, a manufacturer of military and law enforcement safety equipment, agreed to pay a total of $5,690,744 in disgorgement, prejudgment interest, and civil penalties in order to resolve the Commission's charges. Without admitting or denying the allegations in the commission's complaint, Armor Holdings has consented to a court order permanently enjoining it from violating Sections 30A, 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act; ordering it to pay disgorgement of $1,552,306, prejudgment interest of $458,438, civil penalty of $3,680,000, and ordering the company to comply with certain undertakings regarding FCPA compliance program. In another related matter, Armor Holdings will pay a $10,290,00 fine to the U.S. Department of Justice.
Final Consent Judgment as to Defendant Armor Holdings, Inc.
On July 23, 2012, Federal District Judge Richard J. Leon entered final judgment against Armor Holdings, Inc. pursuant to the consent of Armor Holdings, Inc.
