Defendant Name:
Diageo plc
Defendant Type:
Public Company
SIC Code:
2084
CUSIP:
25243Q20
Document Reference:
34-64978
Document Details
Legal Case Name
In the Matter of Diageo plc
Document Name
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 and a civil penalty
Document Date
27-Jul-2011
Document Format
Administrative Proceeding
AAER
3307
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On July 27, 2011, the SEC issued an order instituting cease and desist proceedings against Diageo plc. This order was issued because of violations of the Federal Corrupt Practices Act, which led the company to commit violations of the Exchange Act. In anticipation of the proceedings, the company submitted a settlement offer that neither admitted nor denied the findings of the SEC. As a result of the proceeding, Diageo is required to cease and desist from undertaking practices in violation of the Exchange Act, and is also required to pay disgorgement, pre-judgment interest and a civil penalty.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$11,306,081.00
Shared:
Civil Penalty
Individual:
$3,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$2,067,739.00
Shared:
