Defendant Name:
PTC Inc.
Defendant Type:
Public Company
Document Reference:
2016-29
Document Details
Legal Case Name
In the Matter of PTC Inc.
Document Name
SEC: Tech Company Bribed Chinese Officials
Document Date
16-Feb-2016
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On February 16, 2016, the SEC announced that "a Massachusetts-based technology company and its Chinese subsidiaries agreed to pay more than $28 million to settle parallel civil and criminal actions involving violations of the Foreign Corrupt Practices Act (FCPA)." The SEC noted that PTC's "two China subsidiaries agreed to pay a $14.54 million fine in a non-prosecution agreement announced today by the U.S. Department of Justice."
Disgorgement & Penalty Information
Resolutions
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC