Defendant Name: Tyson Foods, Inc.

Defendant Type: Public Company

Document Reference: court_doc2_11-cv-00350

Document Details

Legal Case Name SEC v. Tyson Foods, Inc.
Document Name Final Judgment as to Defendant Tyson Foods, Inc.
Document Date 10-Feb-2011
Document Format Civil Proceeding
Case Number 11-cv-00350
Federal District Court District of Columbia, District of Columbia
Federal District Judge Rosemary M. Collyer
Allegation Type Foreign Corrupt Practices Act
Document Summary On February 14, 2011, Federal District Judge Rosemary M. Collyer entered final judgment against Tyson Foods, Inc. pursuant to the consent of Tyson Foods, Inc.

Disgorgement & Penalty Information

Resolutions
Enjoinment
Other Compliance Related Undertaking
Various undertakings
Monetary Penalties:

Disgorgement

Individual:     $880,786.00 Shared:    

Pre-Judgment Interest

Individual:     $333,691.00 Shared:    

Total Penalty

Individual:     $1,214,477.00 Shared:    

Related Documents:

LR-21851 10-Feb-2011 Litigation Release
SEC Charges Tyson Foods with FCPA Violations; Tyson Foods to Pay Disgorgement Plus Pre-judgment Interest of More than $1.2 million; Tyson Foods to Pay Criminal Penalty of $4 Million
On February 10, 2011, the SEC issued a litigation release. According to the release, the SEC has filed a settled civil action against Tyson Foods, Inc. The SEC alleges that : "Tyson Foods' subsidiary, Tyson de Mexico, made improper payments during fiscal years 2004 to 2006 to two Mexican government veterinarians responsible for certifying its chicken products for export sales."
comp21851 10-Feb-2011 Complaint
Complaint
On February 10, 2011, the SEC filed a complaint against Tyson Foods, Inc., alleging violations of "anti-bribery, books and records and internal controls provisions of the Foreign Corrupt Practices Act."
2011-42 10-Feb-2011 Press Release--Civil Action
SEC Charges Tyson Foods with FCPA Violations
On February 10, 2011, the SEC announced that it charged Tyson Foods Inc. ("Tyson Foods") with violating the Foreign Corrupt Practices Act ("FCPA") by making illicit payments to two Mexican government veterinarians responsible for certifying its Mexican subsidiary's chicken products for export sales. According to the SEC's complaint filed in federal court in the District of Columbia, the scheme occurred during fiscal years 2004 to 2006. Without admitting or denying the SEC's allegations, Tyson Foods consented to the entry of a final judgment ordering disgorgement plus prejudgment interest of more than $1.2 million and permanently enjoining it from future violations of the federal securities law. The proposed settlement remains subject to court approval. In a related criminal proceeding, the Department of Justice ("DOJ") charged Tyson Foods with conspiring to violate the FCPA and violating the FCPA. The DOJ and Tyson Foods agreed to resolve the charges by entering into a deferred prosecution agreement under which the company agreed to pay a $4 million criminal penalty.