Defendant Name: Johnson Controls, Inc.

Defendant Type: Public Company
SIC Code: 2531
CUSIP: 47836610

Initial Case Details

Legal Case Name In the Matter of Johnson Controls, Inc.
First Document Date 11-Jul-2016
Initial Filing Format Administrative Action
File Number 3-17337
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

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

Resolutions

First Resolution Date 11-Jul-2016
Headline Total Penalty and Disgorgement $14,362,561

Related Documents:

34-78287 11-Jul-2016 Administrative Proceeding
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 July 11, 2016, the SEC instituted a settled administrative proceeding against Johnson Controls, Inc. ("JCI"). According to the SEC, JCI - through its subsidiary, China Marine - "made payments to sham vendors. The improper vendor payments were improperly recorded on JCI's books and records, and JCI failed to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances to detect and prevent such payments."
34-78287-s 11-Jul-2016 Administrative Proceeding
Global HVAC Provider Settles FCPA Charges
On July 11, 2016, the SEC issued a press release announcing that Johnson Controls, Inc. "has agreed to pay more than $14,000,000 to settle charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA)."