Defendant Name: Armor Holdings, Inc.

Defendant Type: Public Company

Document Reference: LR-22037

Document Details

Legal Case Name SEC v. Armor Holdings, Inc.
Document Name SEC Files Settled Anti-Bribery, Books and Records, and Internal Controls Charges Against Armor Holdings, Inc.
Document Date 13-Jul-2011
Document Format Civil Proceeding
Case Number 11-cv-01271
Federal District Court District of Columbia, District of Columbia
AAER 3302
Allegation Type Foreign Corrupt Practices Act
Document Summary 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.

Disgorgement & Penalty Information

Resolutions
Enjoinment
Other Compliance Related Undertaking
Various Undertakings
Cooperation Before the Resolution

Related Documents:

comp22037 13-Jul-2011 Complaint
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.
court_doc15_11-cv-01271 23-Jul-2012 Court Docket Document
Final Consent Judgment as to Defendant Armor Holdings, Inc.
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.