Tagged: Ericsson

Catching Up with FCPA News

Catching Up with FCPA News

DOJ closed out its FCPA enforcement year in 2022 with two significant settlements, the ABB and Honeywell cases.  Aside from these two big settlements, there was a flurry of other actions in the last quarter of 2022.  Ericsson Monitorship Extension Ericsson Telecomm agreed to a one-year extension of its corporate monitorship that was imposed as part of its $1 billion FCPA settlement with the Justice...

SEC Joins DOJ in Probe of Ericsson ISIS Bribery Payments

Ericsson is having a tough time.  First, in 2019, Ericsson settled FCPA charges with the Justice Department and the SEC for a total of $1 billion (with a B).  Second, Ericsson had an independent compliance monitor appointed for a three-year term under its deferred prosecution agreement.  And then — last year, Ericsson was notified by DOJ that it failed to conduct a proper internal investigation...