Defendant Name: Deere & Company

Defendant Type: Public Company

Document Reference: 2024-124

Document Details

Legal Case Name In the Matter of Deere & Company
Document Name SEC Charges John Deere With FCPA Violations for Subsidiary's Role in Thai Bribery Scheme
Document Date 10-Sep-2024
Document Format Administrative Proceeding
File Number 3-22102
Allegation Type Foreign Corrupt Practices Act
Document Summary On September 10, 2024, the SEC "today announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act(FCPA) arising out of bribes paid by its wholly owned subsidiary, Wirtgen Thailand. The company is an Illinois-based global manufacturer of agricultural machinery and heavy equipment."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Disgorgement

(Penalty was noted in document, but no amount was listed)

Civil Penalty

Individual:     $4,500,000.00 Shared:    

Pre-Judgment Interest

(Penalty was noted in document, but no amount was listed)

Related Documents:

34-100984 10-Sep-2024 Administrative Proceeding
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
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."