Defendant Name: ITT Corporation

Defendant Type: Public Company

Document Reference: LR-20896

Document Details

Legal Case Name SEC v. ITT Corporation
Document Name SEC Files Settled Charges Against ITT Corporation for Violations of the Books and Records and Internal Controls Provisions of the Foreign Corrupt Practices Act
Document Date 11-Feb-2009
Document Format Civil Proceeding
Case Number 09-cv-00272
Federal District Court District of Columbia, District of Columbia
AAER 2934
Allegation Type Foreign Corrupt Practices Act
Document Summary The SEC stated that: "[It] filed a settled civil injunctive action in the U.S. District Court for the District of Columbia against ITT Corporation ("ITT"), a New York-based global multi-industry company, alleging violations of Section 13(b)(2)(A) and (B) of the Securities Exchange Act of 1934 ("Exchange Act")."

Disgorgement & Penalty Information

Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:


Individual:     $1,041,112.00 Shared:    

Civil Penalty

Individual:     $250,000.00 Shared:    

Pre-Judgment Interest

Individual:     $387,538.11 Shared:    

Related Documents:

comp20896 11-Feb-2009 Complaint
The SEC stated: "The Commission brings this action based on violations by ITT Corporation ("ITT") of the books and records and internal controls provisions of the Foreign Corrupt Practices Act ("FCPA") resulting from payments to Chines government officials by ITT's wholly-owned Chines subsidiary, Nanjing Goulds Pumps Ltd. "
court_doc4_09-cv-00272 13-Feb-2009 Court Docket Document
Final Judgment
The Court stated: "Defendant ITT Corporation . . . consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."