Defendant Name: Nortek, Inc.

Defendant Type: Public Company
SIC Code: 3634
CUSIP: 65655930

Initial Case Details

Legal Case Name Non-Prosecution Agreement with Nortek, Inc.
First Document Date 07-Jun-2016
Initial Filing Format Civil Proceeding
Case Number NPA-2016-109_Nortek
Allegation Type Foreign Corrupt Practices Act
Federal District Court No District Court Specified


First Resolution Date 07-Jun-2016
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

2016-109-npa-nortek 07-Jun-2016 Press Release--Civil Action
Non-Prosecution Agreement
On June 7, 2016, the SEC entered into a non-prosecution agreement with Nortek, Inc. relating to "possible violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act from at least 2012 through 2015" involving Chinese government officials.
2016-109_Nortek 07-Jun-2016 Press Release--Civil Action
SEC announces Two Non-Prosecution Agreements in FCPA Cases
On June 7, 2016, the SEC announced a non-prosecution agreement with Nortek, Inc. "that will forfeit ill-gotten gains connected to bribes paid to Chinese officials by foreign subsidiaries." The SEC stated that "approximately $290,000 in improper payments and gifts were made to Chinese officials by Nortek's subsidiary in order to receive preferential treatment, relaxed regulatory oversight, or reduced customs duties, taxes, and fees. These included cash payments, gift cards, meals, travel, accommodations, and entertainment."