Defendant Name:
Armor Holdings, Inc.
Defendant Type:
Public Company
Document Reference:
court_doc15_11-cv-01271
Document Details
Legal Case Name
SEC v. Armor Holdings, Inc.
Document Name
Final Consent Judgment as to Defendant Armor Holdings, Inc.
Document Date
23-Jul-2012
Document Format
Civil Proceeding
Case Number
11-cv-01271
Federal District Court
District of Columbia, District of Columbia
Federal District Judge
Richard J. Leon
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On July 23, 2012, Federal District Judge Richard J. Leon entered final judgment against Armor Holdings, Inc. pursuant to the consent of Armor Holdings, Inc.
Disgorgement & Penalty Information
Resolutions
Enjoinment
Other Compliance Related Undertaking
Various undertakings
Monetary Penalties:
Disgorgement
Individual:
$1,552,306.00
Shared:
Civil Penalty
Individual:
$3,680,000.00
Shared:
Pre-Judgment Interest
Individual:
$458,438.00
Shared:
Total Penalty
Individual:
$5,690,744.00
Shared:
Related Documents:
Complaint
On July 13, 2011, the SEC filed a complaint alleging that Armor Holdings "violated the anti-bribery, books and records, and internal controls provisions of the FCPA and the Exchange Act." Specifically, the complaint alleges that Armor Holdings engaged in a bribery scheme with the U.N. The recording of these transactions was not in accordance with US GAAP and thus the company also violated relevant Exchange Act provisions. The SEC requests that the court enjoin Armor Holdings from committing this behavior in the future. In addition, the complaint requests that the company disgorge any profits made as a result of these violations, and that it pay monetary penalties. "Without admitting or denying the allegations in the Commission's complaint, Armor Holdings has consented to a court order permanently enjoining it from violating Sections 30A, 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act." The company is required to pay a penalty.
SEC Files Settled Anti-Bribery, Books and Records, and Internal Controls Charges Against Armor Holdings, Inc.
On July 13, 2011, the Commission filed a settled civil enforcement action against Armor Holdings, Inc., alleging violations of the anti-bribery, books and records, and internal controls provisions of the Foreign Corrupt Practices Act. Armor Holdings, a manufacturer of military and law enforcement safety equipment, agreed to pay a total of $5,690,744 in disgorgement, prejudgment interest, and civil penalties in order to resolve the Commission's charges. Without admitting or denying the allegations in the commission's complaint, Armor Holdings has consented to a court order permanently enjoining it from violating Sections 30A, 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act; ordering it to pay disgorgement of $1,552,306, prejudgment interest of $458,438, civil penalty of $3,680,000, and ordering the company to comply with certain undertakings regarding FCPA compliance program. In another related matter, Armor Holdings will pay a $10,290,00 fine to the U.S. Department of Justice.
