Defendant Name: United Industrial Corporation

Defendant Type: Subsidiary of Public Company
Public Company Parent: Textron Inc.
SIC Code: 3728
CUSIP: 88320310

Initial Case Details

Legal Case Name In the Matter of United Industrial Corporation
First Document Date 29-May-2009
Initial Filing Format Administrative Action
File Number 3-13495
Allegation Type Foreign Corrupt Practices Act
AAER 2981

Violations Alleged

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

Resolutions

First Resolution Date 29-May-2009
Headline Total Penalty and Disgorgement $337,679

Related Documents:

34-60005 29-May-2009 Administrative Proceeding
Corrected 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
On May 29, 2009, the SEC instituted settled cease-and-desist proceedings against United Industrial Corporation. The SEC stated: "Beginning in late 2001, and continuing through 2002, UIC, through its indirect, wholly owned subsidiary ACL Technologies, Inc. (“ACL”), made multiple payments to one of its foreign agents in connection with a military aircraft depot ACL was building for the Egyptian Air Force (“EAF”) in Cairo, Egypt. Thomas Wurzel, ACL’s former President and a U.S. citizen and resident, authorized the payments to the agent while he knew or consciously disregarded the high probability that the agent would offer, provide or promise at least a portion of such payments to active EAF officials for the purpose of influencing such officials to obtain or retain business for UIC through ACL."

Related Actions:

SEC v. Thomas Wurzel
Thomas Wurzel