Defendant Name: Deere & Company

Defendant Type: Public Company
SIC Code: 3523
CUSIP: 24419910

Initial Case Details

Legal Case Name In the Matter of Deere & Company
First Document Date 10-Sep-2024
Initial Filing Format Administrative Action
File Number 3-22102
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

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

Resolutions

First Resolution Date 10-Sep-2024
Headline Total Penalty and Disgorgement $9,930,355

Related Documents:

34-100984 10-Sep-2024 Administrative Proceeding
Order Instituting Cease-And-Desist Proceeding Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-And-Desist Order
On September 10, 2024, the SEC instituted cease-and-desist proceedings against Deere & Company, stating: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (the “FCPA”) by Deere, a global agricultural machinery manufacturer, through its wholly owned subsidiary, Wirtgen Thailand. From at least late 2017 through 2020, Wirtgen Thailand made improper payments to foreign officials at multiple government entities, including the Royal Thai Air Force and the Department of Highways, to win business, and during the same period also engaged in commercial bribery."
2024-124 10-Sep-2024 Press Release--Administrative Proceeding
SEC Charges John Deere With FCPA Violations for Subsidiary's Role in Thai Bribery Scheme
On September 10, 2024, the SEC "today announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act(FCPA) arising out of bribes paid by its wholly owned subsidiary, Wirtgen Thailand. The company is an Illinois-based global manufacturer of agricultural machinery and heavy equipment."