Defendant Name:
Hitachi Ltd.
Defendant Type:
Public Company
Document Reference:
LR-23365
Document Details
Legal Case Name
SEC v. Hitachi Ltd.
Document Name
Litigation Release
Document Date
28-Sep-2015
Document Format
Civil Proceeding
Case Number
15-cv-01573
Federal District Court
District of Columbia, District of Columbia
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On September 28, 2015, the SEC instituted a settled civil action against Hitachi, Ltd. alleging violations of the Foreign Corrupt Practices Act. The SEC alleged that Hitachi, Ltd., violated the FCPA when Hitachi, "inaccurately recorded improper payments to South Africa's ruling political party in connection with contracts to build two multi-billion dollar power plants."
Disgorgement & Penalty Information