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Tyco International settles FCPA charges for USD 26 million

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Recent Enforcement Developments SEC and DOJ settle FCPA charges with Tyco International.  In April 2006, an FCPA action was filed against Tyco by the SEC. Tyco consented to the entry of a final judgment enjoining it from violations of the FCPA and other securities laws. The judgment was entered on 1 May 2006, and the Company paid USD 1 in disgorgement and USD 50 million in civil penalties. On 24 September 2012, the Company entered into a settlement based on conduct that violated the 2006 injunction. Tyco obtained a business advantage worth at least USD More…

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