Defendant Name:
Westport Fuel Systems, Inc.
Defendant Type:
Public Company
Document Reference:
2019-197
Document Details
Legal Case Name
In the Matter of Westport Fuel Systems, Inc. and Nancy Gougarty
Document Name
SEC Charges Canadian Clean Fuel
Technology Company and Former CEO with FCPA Violations
Document Date
27-Sep-2019
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
The SEC stated that: "Westport
Fuels Systems, Inc., a Canadian clean fuel technology company headquartered in Vancouver, Canada, and its
former chief executive officer, Nancy Gougarty, of Leesville, South Carolina, have agreed to pay more than $4.1
million to resolve charges that they violated the Foreign Corrupt Practices Act (FCPA) by paying bribes to a foreign
government official in China."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
(Penalty was noted in document, but no amount was listed)
Civil Penalty
Individual:
$1,500,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Other Defendants in Action:
