Defendant Name: Moog Inc.

Defendant Type: Public Company

Document Reference: 2024-170

Document Details

Legal Case Name In the Matter of Moog Inc.
Document Name SEC Charges U.S.-Based Moog Inc. with FCPA Violations for Subsidiary's Role in Indian Bribery Scheme
Document Date 11-Oct-2024
Document Format Administrative Proceeding
File Number 3-22237
Allegation Type Foreign Corrupt Practices Act
Document Summary On October 11, 2024, the SEC "today announced that Moog Inc., a New York-based global manufacturer of motion controls systems for aerospace, defense, industrial and medical markets, agreed to pay a civil penalty of $1.1 million to resolve the SEC’s charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its wholly owned Indian subsidiary, Moog Motion Controls Private Limited (Moog Motion Controls)."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Disgorgement

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

Civil Penalty

Individual:     $1,100,000.00 Shared:    

Pre-Judgment Interest

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

Related Documents:

34-101307 11-Oct-2024 Administrative Proceeding
Order Instituting Cease-and-desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-desist Order
On October 11, 2024, the SEC instituted cease-and-desist proceedings against Moog Inc., stating: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (“FCPA”) by Moog Inc., a global provider of technology used in the aerospace and defense markets, through its wholly owned Indian subsidiary, Moog Motion Controls Private Limited (“MMCPL”). Between 2020 and 2022, employees of the subsidiary bribed a variety of Indian foreign officials to win business. These same employees also offered bribes to Indian foreign officials in an attempt to cause public tenders in India to favor Moog’s products and exclude competitors."