SEC Bribery Unit Probes Technology Companies’ Use of Contractors April 4, 2024 By Sabrina Willmer The US Securities and Exchange Commission is asking publicly traded tech companies about their relationships with distributors and other business...
Amsterdam’s Phillips to Pay $62M to U.S. for China Sales Misconduct May 12, 2023 The U.S. Securities and Exchange Commission reported that Amsterdam-based health technology firm Koninklijke Philips N.V. will pay more than $62...
Cognizant Expects Insurers to Cover Bulk of $95M Settlement with Shareholders September 9, 2021 By Jonathan Stempel Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company...
Berkley Life Sciences Adds Foreign Corrupt Practices Act Expense Coverage February 17, 2015 Berkley Life Sciences, a W. R. Berkley Co., has launched Corporate Lifeline, a new coverage for life science companies seeking...
Willis Exec Warns of Rise in ‘White Collar Crime’ in UK June 4, 2014 Francis Kean, executive director in Willis’s financial and executive risks practice has examined a growing trend in white-collar crime in...
New York City Pension Fund Sues Wal-Mart Over Mexican Bribery Allegations June 12, 2012 By Jessica Wohl New York City’s pension funds on Monday became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc....
More Top Executives Say Bribes for Business Acceptable May 24, 2012 A growing number of senior executives around the world are willing to pay bribes to win or keep business, as...
Wal-Mart Shareholder Sues Over Mexican Bribery Scandal April 25, 2012 A shareholder sued the board and several officers of Wal-Mart Stores Inc. on Wednesday over allegations that the company’s Mexican...
U.S. Drops Major Anti-Bribery Prosecution February 22, 2012 By Jeremy Pelofsky The Obama administration on Tuesday dropped a major bribery prosecution that had been part of a campaign to crack down...
U.S. Firms Seek Clarity on Anti-Bribery Law February 22, 2012 By Aruna Viswanatha and Karen Freifeld U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of...