Defendant Name:
Alcatel-Lucent, S.A.
Defendant Type:
Public Company
Document Reference:
2010-258
Document Details
Legal Case Name
SEC v. Alcatel-Lucent, S.A.
Document Name
SEC Charges Alcatel-Lucent with FCPA Violations; Company to Pay More Than $137 Million to Settle SEC and DOJ Charges
Document Date
27-Dec-2010
Document Format
Civil Proceeding
Case Number
10-cv-24620
Federal District Court
Florida, Southern District of Florida
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On December 27, 2010, the SEC announced that it charged Alcatel-Lucent, S.A. with violating the Foreign Corrupt Practices Act by paying more than $8 million in bribes to government officials in order to obtain or retain lucrative telecommunications contracts and other contracts in Costa Rica, Honduras, Malaysia, and Taiwan. According to the complaint, the bribery payments were undocumented or improperly recorded as consulting fees in the subsidiary's books.
Disgorgement & Penalty Information
Resolutions
Compliance Related Independent Consultant
Monetary Penalties:
Disgorgement
Individual:
$45,372,000.00
Shared: