Defendant Name:
Ralph Lauren Corp.
Defendant Type:
Public Company
SIC Code:
5136
CUSIP:
75121210
Document Reference:
2013-65-npa
Document Details
Legal Case Name
Non-Prosecution Agreement between the SEC and Ralph Lauren Corporation
Document Name
Non-Prosecution Agreement
Document Date
22-Apr-2013
Document Format
Civil Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
The SEC and Ralph Lauren Corporation entered into the Non-Prosecution Agreement ("NPA") in connection with the SEC's investigation into "possible violations of the Foreign Corrupt Practices Act and books and records and internal controls provisions of the federal securities laws by Ralph Lauren Corporation ('Respondent') from approximately 2005 through 2009 ('Investigation')." Under the terms of the NPA, Respondent must, among other things, "cooperate fully and truthfully in the Investigation and any other related enforcement litigation or proceeding...regardless of the time period in which the cooperation is required." In addition, Respondent agreed to "to pay disgorgement obtained or retained as a result of the violations discovered during the Investigation, without reimbursement or indemnification from any source, in the amount of $593,000, together with prejudgment interest thereon in the amount of $141,846."
Disgorgement & Penalty Information
Resolutions
Non-Prosecution Agreement
Cooperation Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Disgorgement
Individual:
$593,000.00
Shared:
Pre-Judgment Interest
Individual:
$141,846.00
Shared:
