Defendant Name:
Clear Channel Outdoor Holdings, Inc.
Defendant Type:
Public Company
Document Reference:
2023-206
Document Details
Legal Case Name
In the Matter of Clear Channel Outdoor Holdings, Inc.
Document Name
SEC Charges Clear Channel Outdoor with FCPA Violations Relating to China Subsidiary
Document Date
28-Sep-2023
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On September 28, 2023, the SEC "announced that Clear
Channel Outdoor Holdings Inc. agreed to pay more than $26 million to resolve charges that it bribed Chinese
government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act
(FCPA)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Disgorgement
Individual:
$20,100,000.00
Shared:
Civil Penalty
Individual:
$6,000,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Total Penalty
Individual:
$26,000,000.00
Shared: