Polycom Pays $36 Million, Settles with SEC, and Earns DOJ Declination for Bribery in China
Polycom, Inc., a U.S. communication technology company, which was recently acquired by Plantronics, earned a DOJ declination and entered into an SEC settlement for FCPA violations in China. DOJ released a declination letter (here); and the SEC issued an administrative order (here). Polycom earned the declination under the FCPA Corporate Enforcement Policy. Polycom identified the misconduct and voluntarily disclosed to the government; Polycom conducted a...