Defendant Name:
Deere & Company
Defendant Type:
Public Company
SIC Code:
3523
CUSIP:
24419910
Document Reference:
34-100984
Document Details
Legal Case Name
In the Matter of Deere & Company
Document Name
Order Instituting Cease-And-Desist Proceeding Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-And-Desist Order
Document Date
10-Sep-2024
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On September 10, 2024, the SEC instituted cease-and-desist proceedings against Deere & Company, stating: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (the “FCPA”) by Deere, a global agricultural machinery manufacturer, through its wholly owned subsidiary, Wirtgen Thailand. From at least late 2017 through 2020, Wirtgen Thailand made improper payments to foreign officials at multiple government entities, including the Royal Thai Air Force and the Department of Highways, to win business, and during the same period also engaged in commercial bribery."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$4,343,401.00
Shared:
Civil Penalty
Individual:
$4,500,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,086,954.00
Shared:
Total Penalty
Individual:
$9,930,355.00
Shared:
