Defendant Name: Daimler AG

Defendant Type: Public Company
SIC Code: 3711
CUSIP: D1668R12

Initial Case Details

Legal Case Name SEC v. Daimler AG
First Document Date 22-Mar-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-00473
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 01-Apr-2010
Headline Total Penalty and Disgorgement $91,432,867

Related Documents:

comp-pr2010-51 22-Mar-2010 Complaint
Complaint
On March 22, 2010, the SEC filed a complaint against Daimler AG in US District Court for the District of Columbia. The SEC alleged the company violated the anti-bribery, books and records and internal controls provisions of the FCPA. The SEC that this conduct took place from at least 1998 through 2008. Because of this conduct, the SEC alleged that Daimler violated Sections 30A, 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act.
court_doc4_10-cv-00473 01-Apr-2010 Court Docket Document
Final Judgment as to Defendant Daimler AG
On April 1, 2010, Judge Richard J. Leon entered Final Judgment as to defendant Daimler AG. Daimler AG consented to the entry of the Final Judgment without admitting or denying the allegations of the SEC's complaint.
2010-51 01-Apr-2010 Press Release--Civil Action
SEC Charges Daimler AG With Global Bribery
On April 1, 2010, the SEC announced it had settled charges of violations of the Foreign Corrupt Practices Act against Daimler AG. According to the SEC, the German-based company engaged in a repeated, systematic practice of bribing foreign government officials to secure business in Asia, Africa, Europe, and the Middle East. The bribery allegedly permeated several major business units and subsidiaries, and was sanctioned by members of Daimler's management despite a then-ongoing SEC investigation.