Foodservice packaging company Pactiv Evergreen said it has received indication from the Securities and Exchange Commission (SEC) it will not face enforcement following an internal investigation launched last year into potential violations of the Foreign Corrupt Practices Act (FCPA).
Pactiv Evergreen disclosed the update Aug. 5 after revealing in May the Department of Justice decided to close its investigation into the matter after reviewing investigation findings presented by the company in February. The SEC has similarly “indicated its intention to close this matter without any action against the Company, and we intend to fully cooperate with the SEC, with the assistance of legal counsel, to conclude this matter,” Pactiv Evergreen stated.
