Defendant Name: RAE Systems Inc.

Defendant Type: Public Company
SIC Code: 3829
CUSIP: 75061P10

Initial Case Details

Legal Case Name SEC v. RAE Systems Inc.
First Document Date 10-Dec-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-02093
Allegation Type Foreign Corrupt Practices Act
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 30A

Resolutions

First Resolution Date 10-Dec-2010
Headline Total Penalty and Disgorgement $1,257,012

Related Documents:

LR-21770 10-Dec-2010 Litigation Release
SEC Files Settled FCPA Case Against RAE Systems Inc.
On December 10, 2010, the SEC issued a litigation release announcing that it filed a settled enforcement action against RAE Systems.
comp21770 10-Dec-2010 Complaint
Complaint
On December 10, 2010, the SEC filed a complaint against RAE Systems Inc. alleging violations of the Foreign Corrupt Practices Act.
2010-242 10-Dec-2010 Press Release--Civil Action
SEC Charges RAE Systems for Illegal Payments Made Through Joint Ventures to Win Chinese Government Contracts
On December 10, 2010, the SEC announced that it charged San Jose-based RAE Systems Inc. ("RAE") with violations of the Foreign Corrupt Practices Act ("FCPA") for making improper payments through two of its Chinese joint venture entities to Chinese officials in order to obtain significant government contracts for their gas and chemical detection products. According to the SEC's complaint filed in U.S. District Court for the District of Columbia, the company's $400,000 in improper payments resulted in contracts worth approximately $3 million in revenue and garnered more than $1.1 million in illicit profits. Without admitting or denying the allegations, RAE consented to the entry of a permanent injunction against FCPA violations and agreed to pay $1,147,800 in disgorgement and $109,212 in prejudgment interest. RAE also agreed to comply with certain undertakings regarding its FCPA compliance program. The settlement remains subject to court approval. In a related criminal case brought by the U.S. Department of Justice, RAE agreed to pay an additional $1.7 million criminal fine.
court_doc3_10-cv-02093 15-Dec-2010 Court Docket Document
Final Judgment as to Defendant RAE Systems Inc.
On December 14, 2010, Federal District Judge Ellen S. Huvelle entered final judgment against RAE Systems Inc. pursuant to the consent of RAE Systems Inc.