Defendant Name:
UTStarcom, Inc.
Defendant Type:
Public Company
Document Reference:
2009-277
Document Details
Legal Case Name
SEC v. UTStarcom, Inc.
Document Name
SEC Charges California Telecom Company With Bribery and Other FCPA Violations
Document Date
31-Dec-2009
Document Format
Civil Proceeding
Case Number
09-cv-06094
Federal District Court
California, Northern District of California
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On December 31, 2009, the SEC announced that it charged UTStarcom, Inc. with violations of the Foreign Corrupt Practices Act for authorizing nearly $7 million in illicit payments to foreign government officials in Asia. The Commission also alleges the company provided gifts, included all-expenses paid trips to government customers in China and Taiwan.
Disgorgement & Penalty Information
Resolutions
Injunction
Provide the SEC with annual FCPA compliance reports and certifications for four years
Monetary Penalties:
Civil Penalty
Individual:
$1,500,000.00
Shared:
