Defendant Name: Fiat S.p.A.

Defendant Type: Public Company
SIC Code: 3711
CUSIP: 31562188

Initial Case Details

Legal Case Name SEC v. Fiat S.p.A. and CNH Global N.V.
First Document Date 22-Dec-2008
Initial Filing Format Civil Proceeding
Case Number 08-cv-02211
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)

Resolutions

First Resolution Date 22-Dec-2008
Headline Total Penalty and Disgorgement $10,809,142

Related Documents:

comp20835 22-Dec-2008 Complaint
Complaint
The SEC stated: "From approximately 2000 through 2003, Fiat S.p.A. ("Fiat") and its subsidiary CNH Global N.V. ("CNH Global") violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (the "FCPA") when their subsidiaries, agents and distributors made approximately $4.3 million in kickback payments in connection with their sales of humanitarian goods to Iraq under the United Nations ("U.N.") Oil for Food Program."
LR-20835 22-Dec-2008 Litigation Release
SEC Files Settled Books and Records and Internal Controls Charges Against Fiat S.p.A. and CNH Global N.V. For Improper Payments to Iraq Under the U.N. Oil for Food Program - Fiat Agrees to Pay Over $10 Million in Disgorgement, Interest, and Penalties
The SEC stated that: "[It] filed Foreign Corrupt Practices Act books and records and internal controls charges against Fiat S.p.A. and CNH Global N.V. in the U.S. District Court for the District of Columbia."
court_doc2_08-cv-02211 23-Dec-2008 Court Docket Document
Final Judgment as to Defendants Fiat S.p.A. and CNH Global N.V.
On December 23, 2008, the Court issued a final judgment against defendants Fiat S.p.A. and CNH Global N.V. stating: "Defendants . . . consented to the Court's jurisdiction over Defendants for the purpose of this action and the subject matter of this action; consented to entry of the Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."

Other Defendants in Action:

CNH Global N.V.